posed for a breakout of the all time high and it has increasing volumes also target 120
levels are marked on the chart it looks bullish for a while and then it approaches a supply zone along with gann fan induced resistance and a harmonic PNZ area once can take a risky long until the supply zones because markets usually always go to places where there is a lot inequilibrium an resting liquidity
GBP/USD there is a Bearish Quasimodo pattern formed and I feel like there will be another short oppurtunity if it breaks through the resistance goes back to the support and then goes to the trendline below before it makes its final attempt to break out of this zone. One can take profit at the initial demand zone or wait for the demand zone below the trendline...
USDJPY could be completing a bullish butterfly harmonic pattern and we can hence to complete the pattern initiate shorts and longs in relevant places while waiting for the harmonic pattern to finish out which is also in confluence with the base of the trend channel and a long can be initiated from there also. but be careful before taking countertrend trades and...
Bank nifty is all set for a breakout in the upward direction but there are a few bearish confluences available like the continuous weakness of Hdfc bank until effective demand zones are reached. there is a bearish butterfly harmonic pattern forming and there a few looming supply zones also available but due to the time already spent before reaching the supply zone...
Geojit Financial has given a strong a sustained breakout it is approaching a supply zone one can create a short there and then on the given pullback they can create longs in the given demand zone now the 0.236 retracement of the eminent down wave from 2018 is around 45 where a lot of price action has played out and so one can wait for the price to reach that...
supply demand levels are present on the chart accordingly put your stop losses according to your own risk capacity in and around the previous swing lows or highs but also be careful and try not to get stopped out by traps in the market. happy investing
Maruti Suzuki is a bullish till it reaches the fibonacci projection level of around 8418 look to get pullback entries with the moving averages or breakout pullback or just plain wait for the stock to hit the demand zones the given supply zone on the chart is also pretty strong and futures can be shorted whenever that level is achieved. keep your stoplosses at...
the appropriate demand and supply zones have been marked in the chart please do take the trades relevant to above information given wave 4 is likely to be of the form of an extended flat and hence might retest the top at the same time if there is an RSI divergence happening then do realize that the chances of it becoming bearish have severely increased.
for now stay short until it reaches the demand zone then keep a close eye on the Gann fan levels if they are providing support to the investment then go long keeping the nearest swing low as the stop loss
buy at the demand zones and sell at the supply zones use the Fibonacci levels given in chart for additional confirmation wait for price action to play out in case for additional confirmation and use the previous swing highs and lows as the stop losses
right now HUL is in a supply zone we can short once it reaches the relevant harmonic level it also has confluence with an important Fibonacci level taking support from the gann fans drawn on the daily timeframe Depending on price action signals important longs or shorts can be established at the respective supply and demand zones with the sl being kept at the...