according to SCOTT HENRY in XABCD pattern,when prices moves from C point to D bat action magnet move is seen.....when price crosses B point they get attracted towords D point like magnet....so sell Bank of Baroda below B point means @ 156 with targets of 141.... when prices reaches to the D point there ll be opportunity to buy @ 141 with targets of...
gaps down and below 8 ema and short the stock or buy put on it
I have here used the ABC pattern with subwaves 3,3,5. In the C wave as you can see is still forming. here are a list of reasons why i believe that this stock is about to correct. wave C is still still under completion with 2 subwaves remaining. Double top formation. Formation of indecision candle on both the tops. Channel formation where even if the there...
It is been observed on hourly chart that the price action is facing a strong resistance or selling at 177 levels, indicating sellers aggressive selloff. Now it shall further come down to previous support levels that may also cover the previous gap up phase. Target: 162 Stoploss: 179 Risk Reward: 1:1
Going above 178 swing high- likely Trump tower could extend in the zone 190-195 but be careful, it should not trade & sustain below 177.65 highs. In case there is a gap up opening look for some pullback to enter into the trades taking care of 177.65 highs which should act as guiding level in further sessions. Once done, we will expect this (X) -wave to...
As expected from the levels of 155-160 in the previous update- there was a sharp fall but even sharper recovery from 135 lows on account of Trump victory, suggesting that larger correction is still not done & I shall be looking for some move above- where it will complete its (X)-wave & start a move downside for (Z)- wave. So, in all scenarios- if one gets an...
BANKBARODA opening Should 5-6% up or level 172 or 178...
Its a tripple correction (W-X-Y-X-Z) started from 229 highs, which is unfolding in BOB- likely the last leg Z-wave downside which itself will be complex zigzag move going into June-July 2017- likely to test 80-90 zone.
Learning Bat Pattern B is at least 50% retracement of XA leg, should not close above 50% retracment C is at least 61.8% retracment of AB and no candle should close beyond 88.6% retracment D is at 161.8% extension of AB Target1: 38.2% retracemnt of AD leg Target2: 61.8% retracment of AD leg
Watch Bankbaroda a nice short setup formed. Today if it break 149.30 then can fall to 145 if do not breaks 151.30 on upside.
Happy and prosperous Diwali to you all. My possible observations for Bankbaroda are as below. I am bit early on this so chances are there that it can prove otherwise. 1. We had a corrective wave 'a' of 5 waves shown as wave '1'. So probably what we can have ahead is 5-3-5-3-5 upside correction. 2. Possibly we are in the D leg of a bearish harmonic setup which...
NSE:BANKBARODA buy at Rs148 to Rs159 Stop Loss - Rs141 Target 1 - Rs176 Target 2 - Rs182
In small push looking for an upside bounce till the gap zone of yesterday which is 160-161. If it goes beyond 161.60 then likely it was all bigger correction & the bounce could even extend till 170-172 zone.
Bullish Marubozu is a candlestick pattern which has no wicks or shadows & looks like occuring in the middle of the correction Holding 161 as key level going above 165- likely it travels in the previous high swing zone of 172-173- where it shall finish its correction & start a downside move but one thing at a time. Currently it looks upside with key support 161.
BANKBARODA is in the process of it's D leg of Bullish Bat pattern. If in the coming session BANKBARODA reaches 160 - 161 level. It will be good place to buy near previous support. It's on hourly chart so possibly the trade seems nearer as compared to daily charts' harmonic pattern.
PRICE NEAR ITS PREVIOUS SUPPORT LEVEL SO LONG TRADE IS GOOD IDEA FOR NICE RISK REWARD ...SEE CHART FOR ENTRY EXIT AND TARGETS.... REGARDS KING999