Jeevan_Shetty

Bearish Bat

Two Bearish Harmonic Patterns in Sight (Bat & Shark). Bad quarterly results might add fuel to the fire.

Bullish above the zone, bearish below it. Depends on the next candle.

50 wma in sight, at crucial level. Short biased

Previous post on BankNifty hit SL. This time a famous Harmonic pattern in sight, tomorrow will be interesting. SL is todays high

As per Option chain a big down move is imminent, do your own analysis

Harmonic pattern here as well

Resistance zone and overbought indicator

1. Rising Wedge pattern 2. Reversal candle at 61.8% Fibonacci Target: 11200

Looks good to short

Trend change soon, RSI divergence confirms the same. Can buy on retest

Levels drawn

Sell on rise until 2030 is crossed.

More fall in coming days

If PEL breaks the highlighted zone next target will be 1000

D is the reversal point

One can see how the wicks are being formed around these zones

A harmonic pattern around Demand zone, looks good to go long.