Phoenix_Harmonic

Phoenix_Harmonic

Here is a bearish stance on BNF combined with resistance and Harmonic Fibo Numbers.

Phoenix_Harmonic

As you can see, weekly charts did gave reversals and it created a support near the marked green zone. It is still in the reversal zone and it will be interesting to manage this trade. Hope the views shared helped trade on both the side of the stock.

Phoenix_Harmonic

Nifty Caution or Short Area

Phoenix_Harmonic

The move came very fast till 700 levels. Interesting to watch the 710 CE & 690 PE for straddle. Continue to maintain the bearish stand on Tatasteel

Phoenix_Harmonic

Well here is a view on BNF Weekly charts. Though we are eyeing the BNF reversal, but based on the 4 points pattern the possibilities of the numbers in 32450+ and 33500 cannot be denied. This levels justifies the pending levels in HDFCBANK and ICICIBANK Charts. Historic resistance channel lower end has been take out as of now.

Phoenix_Harmonic

Here is a view on Monthly Chart. We are expecting the stock to hit some resistance around 2450+ however based on the weekly view already shared, we cannot deny the possibilities of it hitting 2550+. So stay cautious and limited on your investment as it has to close positively above 2650 to go heavy on this stock.

Phoenix_Harmonic

The stock has shown very nice and Long Up Move since 2018. It still has a potential to run for another 200 to 300 Points till 2550 to 2600. Post that it can see a good reversal or retracement. The Green zone marked can act as an support for the current up move. This same can be used as an SL for the current up move that we have.

Phoenix_Harmonic

Overall the stock has multiple resistance on top side. Max topside is 550 to 565...Monthly chart reversal s already due. Every rise is an opportunity to sell.

Phoenix_Harmonic

Date : 3-Dec-2020. Stock : TATASTEEL Harmonic Bearish Pattern Current Market Price : 620 Expected Reversal Zone : 660 - 675 Details : We are expecting the TataSteel stock to have Reversal at the levels between 660 to 675 as per the Harmonic Bearish Pattern. Please do mark these levels as alerts in your System. And we are going to see the Magic of Harmonics. We...

Phoenix_Harmonic

D ate : 1-Dec-2020. Stock : Bandhan Bank Harmonic Bearish Pattern Current Market Price : 375 Expected Reversal Zone : 595 to 615 Details : We are expecting the Bandhan Bank stock to have Reversal at the levels between 595 to 615 as per the Harmonic Bearish Pattern. Please do mark these levels as alerts in your System & we are going to see the Magic of...

Phoenix_Harmonic

Date : 1-Dec-2020. Stock : GAIL Harmonic Bearish Pattern Current Market Price : 108 Expected Reversal Zone : 139 to 142 Details : We are expecting the Gail stock to have Reversal at the levels between 139 to 142 as per the Harmonic Bearish Pattern. Please do mark these levels as alerts in your System & we are going to see the Magic of Harmonics. We will...

Phoenix_Harmonic

Here is the View on Daily chart for better and easy reference.

Phoenix_Harmonic

We are expecting the Bullish Reversal in Reliance only around 1800 Levels. Once Reliance crosses the 1895 Mark, we can see a quick fall near the historic support line of 1800 Levels. One can do SIP in stock by buy @ dips below 1895 till 1800. Once the Lot size is reduced, we can expect Reliance to hit way above 3000 levels. This is purely a long term investment...