NeeteshJain

NeeteshJain Updated 

It is been observed on Daily and Weekly chart that the price action is indicating a positive turnaround at the strong support levels ranging from 1100-1160. It is indicating buyers coming back in market and taking control over the price action. It shall further move up to 1200 levels to its next resistance. Target: 1205 Stoploss: 1150 Risk Reward: 2:1

NeeteshJain Updated 

It is been observed on daily and weekly chart that the price action breaks and closes below 40 price levels which was acting as crucial support levels. Now, it shall further move down to the next support levels at around 35-33 levels with few weeks. Regards Target: 35 Stoploss: 41 Risk Reward : 1:2

NeeteshJain Updated 

It is been observed on daily chart that the price action is moving up with higher high then previous green candle indicating a counter trend setup. It shall further move up to Fibs levels of 23.6% at 37.70. Target: 37.70 Stoploss: 34 RR: 1:1

NeeteshJain Updated 

It is been observed on the daily chart that the price action breaks and closes above the downward trending line, indicating a bullish move ahead. On the chart, point X and Point A marked to calculate 61.8 retracement target. Target: 75 Stoploss: 69

NeeteshJain Updated 

It is been observed on daily chart that the price action forms a Hammer candlestick at the support levels where price action was picked up from the day's low to end near the high or open of the day, indicating a bullish come back at crucial support levels. Now, it shall turn up to around 61 levels which is 23.6% Fibs retracement levels. Target: 61 Stoploss:...

NeeteshJain

In the above chart, I have showcased a confluence or relationship between Elliott Waves and Harmonic Patterns. Where I have mentioned and pointed out time where they confluence and provide us a successful trading opportunities. Such confluence is simple to understand and provide a great reward over risk by initiating in them. I have attested below edcuational...

NeeteshJain Updated 

It is been observed on weekly chart that the price action is trending in a down trending channel where the price action reaches to the support levels of the channel and signalling buying at the levels. This indicates buyers coming back that are pushing the price action upwards. It shall now move the price to previous support levels which will now act as...

NeeteshJain Updated 

It is been observed on hourly chart, that the price action breaks below descending triangle pattern, indicating a bearish move to support levels ahead. Target: 740 Stoploss: 770

NeeteshJain Updated 

It is been observed on daily chart that the price action is making lower highs and lower lows, indicating a bearish trend. Now, it shall further move down to the next support levels at around 81000-80300 levels. Target: 81000 Stoploss: 84500 Risk Reward: 1:1

NeeteshJain Updated 

It is been observed on Daily chart that the price action dropped down more than 20% from the highs of 580 levels, highly dominated by sellers. Now, I believe it has reached to a strong support levels where the big buyers shall be coming back in the market with a high demand that will take up the prices to the 23.6% Fib levels. Target: 450 Stoploss: 395 Risk Reward: 1:2

NeeteshJain Updated 

It is been observed on daily chart that the price action is trending up in a channel and now it is breaking out from the previous support levels of 418 and dipping down towards the next strong support levels of 408-405. The sellers are in dominance over price action and it shall now dip and correct further down.

NeeteshJain Updated 

It is been observed on the weekly chart that the price action reversing at 91 levels where seller came into the market and took control over the price action. Now, it is been observed that this week price action shall break below current support levels of 75 and shall move down to previous support levels at 68.50 - 65.50. Target1: 72.50 Target2: 68.50 Stoploss: 83.25

NeeteshJain Updated 

It is been observed on daily chart that the price action making Lower Lows and Lower Highs and reaching out to support levels at around 1075-1050 levels. Target 1: 1075 Target 2: 1050 SL: 1195

NeeteshJain Updated 

It is been observed on a weekly chart that there is a red candlestick breaking out from it. It indicates weakness and a high selling pressure. It shall confirmed a breakout as it closes below 26 price level and now it may further go down to 23.50 levels initially and then 20 levels. Target 1: 23.40 Target 2: 20.50 Stoploss: 28

NeeteshJain Updated 

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

NeeteshJain Updated 

It is been observed on the daily chart that the price action breaks out and closes below the crucial support levels of 4.75 indicating sellers dominance and control over price action at current levels. It indicates further bearishness in upcoming trading sessions and the prices shall further move down to next support levels at 4-3.80 levels. Target 1: 4.1 Target...

NeeteshJain Updated 

It is been observed on hourly and daily chart that the price action breaks and closes above the important and strong resistance levels of 275-278, indicating a strong buyers dominance and further bullishness ahead. It may correct to 275 levels before it goes up again. Therefore, I would suggest to keep a good eye on price action in order to reduce risk. Target:...

NeeteshJain

It is another variation to the Gartley and Bat pattern and it is recommended to read them before reading it. (Attested below Gartley and Bat Pattern) The main rules of the Bullish and Bearish Butterfly patterns are as follows: Butterfly Rules: AB can retrace up to 78.6% of the XA leg BC can retrace between 38.2% – 88.6% of AB CD can be an extension of 1.618% –...