CHANGE OF STRUCTURE IN POLYPLEX CORP"Polyplex Corp" is showing lower-lows with the trendline as it's dynamic resistance, and is about to reverse it's whole trend (Bearish to Bullish) in weekly timeframe. 1150 is the level of confirmation for it's structure change. Target is calculated using the XABCD Pattern of Harmonics, which comes out be a return of almost 9% which is a very good return on deployed capital. Profit should be booked immediately between 1240-1250/55 as the bigger trend is bearish and the target level happens to be the PRZ area for the XABCD Pattern. So, keep an eye on this stock above 1150.
Xabcdpattern
GLENMARK PHARMA MAY TOUCH ATH ONCE AGAINGLENMARK PHARMA is in a strong Bullish trend and has formed a Bullish Reversal (W Pattern) pattern in it's Daily timeframe. The neckline of the W pattern is already broken with a strong candle having decent volume.
Targets 1 & 2 are calculated using the XABCD Pattern of Harmonics. Maximum or all quantity should be booked between Target 1 and Target 2. Aggressive traders may hold a small quantity for ATH since there is a chance of profit booking from the Harmonic PRZ area (Area between Target 1 and Target 2). Between the PRZ area if a 15 minute candle breaks any swing low, all quantities should be booked immediately as market seems to remain highly volatile before and after election. It is an earnest request to keep position size as low as possible, because to save our capital in these volatile market conditions should be the only priority.
LARSON & TOUBRO INFOTECH MID TERM SWING #LTI given double bottom break out on weekly time frame and also making harmonic bat pattern. buy when it give retest.
Buy around 5000
TGT : 5550, 6100
SL : 4850 DCB
Disclaimer :
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
SWING TRADE : ESCORTS1. Buy above BO 1195
2. TARGET 1270/1380/1460
3. SL 1080
Analysis:
1. Breakout happened on descending channel
2. Trend reversal started at harmonic PRZ and support level. Now It is in accumulation phase.
3. Next would be uptrend if it breaks the accumulation zone.
Disclaimer: This is educational purpose only.
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