Jeevan_Shetty

Jeevan_Shetty

Descending Triangle along with minor supply and demand zones. One high probability setup. Do your own analysis before taking a call

Jeevan_Shetty Updated 

Tried Harmonics for the first time. 260 has good OI as per option chain

Jeevan_Shetty

Which way will it move ? I am little biased towards short

Jeevan_Shetty Updated 

Everything mentioned in the chart

Jeevan_Shetty

One more Harmonic pattern spotted in SBIN. Levels mentioned in chart

Jeevan_Shetty

Critics are welcome to comment. I know its too early to confirm the pattern, just trying my hands on harmonics

Jeevan_Shetty

Price has moved more than 3/4 th of the structure. Moving Average suggests short as well Let's see if its still a valid pattern

Jeevan_Shetty

Levels mentioned in the chart. Upside volumes don't look promising, so a little biased towards short side

Jeevan_Shetty

Moving in a channel Will it break it ? Let's wait and watch

Jeevan_Shetty Updated 

Support, Resistance and Demand Zone

Jeevan_Shetty Updated 

Three Factors: 1. Recently broke major resistance with huge volumes 2. Retraced till 50 % Fibonacci level 3. Demand zone turned to supply zone plan accordingly :)

Jeevan_Shetty

The yellow line (50 SMA) acts as a support, A close above 50% Fibonacci retracement (1780 levels) is a buy Not a call so do your own analysis

Jeevan_Shetty

Lets see if it can come out of the triangle with good volumes

Jeevan_Shetty Updated 

We wait for a breakout with volumes on either side and enter on pullback (Keep it Simple) !!

Jeevan_Shetty Updated 

With the Automobile Sector under pressure one can look for shorting opportunity if the mentioned levels are breached.

Jeevan_Shetty

A decisive break below 6900 can easily take it down to 6500. S&R levels mentioned in chart.

Jeevan_Shetty

Patterns and levels are mentioned in the chart. Purely for educational purpose.

Jeevan_Shetty

Can look for an aggressive buy opportunity once we see pin-bar Candle near the channel. Or one can wait for breakout of R1 level.