LBilgir

LBilgir

Nifty on 1 hour chart, Bounced from 200 days moving average. Second point to note is this is exact 50% retracement of AB. So as per Harmonics nifty might touch 18175-18200 soon. Conditions for Harmonics ABCD pattern: 1. Point C(17660) should not get broken. 2. Nifty should give closing above point B (17920). Other wise nifty will be in range between point B...

LBilgir

Hello Everyone, I am sharing nifty chart. Why tomorrow closing is very important because tomorrow is weekly closing, last trading day of the week. I will again share the analysis, but for now look at the charts. The important support is now 17775 , as this was acting as resistance earlier. Nifty broke this resistance level of 17775 and already tested it 2 times...

LBilgir Updated 

HDFC BEEN UNDER PRESSURE FOR A LONG TIME. But recently trading in bullish momentum and broken important previous swing high on weekly time frame. The breakout been retested as well and we had a hug buying momentum on friday trading session. Can consider this stock for short term trading opportunity and also if you want you can accumulate it in your longterm...

LBilgir Updated 

The stock has stopped making new lows. As a trader can play for a target of 3600 in some weeks. As a invester you can start accumulating the stock. For both investor or trader keep your SL at 2850. We can see some hurdle at the trendline show on the chart but once that broken It will start new journey on the upside.

LBilgir

Hello everyone, I am sharing nifty chart on day time frame. First of all let us clear what we have on charts. I have mentioned waves you can see waves 1-2-3 and 4 as of now(marked in red colour). Now waiting for nifty to start wave 5. Next you can see ABCD Pattern from Harmonics , marked in Green Colour. But I have 2 ABCD, one ending at point D (19020) and the...

LBilgir

Tata power chart on 1 hour time frame. SL : 241 Target as per XABCD Pattern : 250. Risk is only around 1 or 1.5 point if you buy it now at around 242.50 Reward is 8 to 9 points. Probably will hit the target in a weeks time.

LBilgir

Hello everyone, Sharing Bitcoin chart on weekly time frame. A double bottom formation is seen and follow up buying confirms that this might be the last dip for the script. Another simple observation is bullish harami candle stick formation. And Bullish divergence on RSI. See I am sharing simple things like divergences and candlestick patterns with all of...

LBilgir

I am sharing INFY chart on weekly time frame. The idea is to trade this stock for few couple of weeks. Reasons to pick this stock are: 1. On weekly time frame we have bullish engulfing candle stick pattern. 2. What I observed is, the stock has stopped making new low . The last low is in the month of June. 3. With the help of harmonics XABCD Pattern , we...

LBilgir

I am sharing chart of Gujarat Gas, The chart is on weekly time frame. For positional trading we can consider this stock for a target of 563 with a strict SL of 470 (on weekly closing basis). Risk is of just 20 points and reward is around 70 point. I have used XABCD pattern to identify the possible next swing or you can say target. The stock is trading above...

LBilgir

I have shared Wipro weekly chart and marked Elliot waves considering wave 1 to start after corona crash. If you can see the 5 waves got completed in month of Oct, 2021 where high is 739.85. As per standard Elliot wave principle a correction after wave 5 should get completed in or around where wave 3 and wave 4 is terminated. This is standard as per book...