debabratamath

debabratamath

Cipla has given breakout from its supply zone and XABCD is activated. A good opportunity to go long.

debabratamath

LUPIN is in downtrend and a possible trend reversal can be smelled. A good buy is at CMP or after a pullback on the demand zone.

debabratamath

Tried to capture the current decline phase of Nifty50 index. Share your views if you have any doubt.

debabratamath

HDFC LIFE is in a critical stage. In DTF after a sharp correction it has stopped making new low and started higher low formation. In last 4 days it has gone through a major correction. If it closes below 537 in DTF then ABCD will be activated and it can correct upto 501–495, which could be a good point to go long for the stock. RSI in DTF is close to the 40 mark...

debabratamath

Nifty moving in Bearish 0.5 channel and if it crosses 16275 then final leg of the Elliot impulse wave should be completed since ABCD will be activated. This signals a major possible correction in Nifty from around 16400 level.

debabratamath

The real test now starts for Nifty. It has escaped 0.5 retracement by a huge gap up opening and now it has to face 0.618 retracement. If Nifty becomes lucky for the second consecutive time then 16250-16350 will be the key test. So do long very carefully.

debabratamath

Here we have analysed Nifty50 index in 4H TF. If it breaks 16511 then XABCD will be activated and we can again come back to 15200 level. On the higher side 16600 to 16500 will act as a strong Demand zone as it has multiple strong PRZ there. Nifty can only recover if this range is respected.

debabratamath

Aarti industries is a fundamentally strong bullish stock is in the best possible correction zone following the three drive pattern. As per my analysis this is the best time to buy as it is near 1.618 retracement phase.

debabratamath

In DTF and WTF Nifty is in retracement phase. In 15 min timeframe one can observe a Hidden Bearish divergence in RSI. Hence I am expecting a trend continuation. But the question is how much retracement can we expect? To answer this I have used harmonic ABCD pattern to find the PRZ, which will be activated if and only if Nifty sustains above 15930. Then one can...

debabratamath

I have used weekly chart of Deepak nitrite to find the THREE DRIVE pattern. As per the analysis 1462 is the strongest demand zone as the price action + prz convergence is happening there. This is a very attractive price.

debabratamath

Nifty has given an important closing today exactly in support area which previously acted as a good demand zone. The PCR is indicating an oversold market and in the downside there are good supports. So I am expecting a bounce back from major support area, which is 16220 and 16350.

debabratamath

We expect maximum 0.618 or 0.786 retracement of yesterdays impulse. Then the targets are given by ABCD pattern.

debabratamath

Harmonic levels obtained for bank nifty 24 th May.

debabratamath

#nifty50 has caged itself in a bearish 88.6% Fibonacci channel. Breakout of either side will give strong parabolic momentum.

debabratamath

Everything is explained in the chart. Please discuss in the comment section if you have some other views.

debabratamath

I have used 15 minute time frame to calculate the swings. As per chart harmonic AB=CD pattern and bullish 2.5 retracement converged in the same area. So we expect a sharp pull back from here. Again there is a Bearish 0.382 retracement which may act to make the price action as described. Let’s see.

debabratamath

Jubilant food in critical Harmonic PRZ zone as per Harmonic ABCD pattern and some strength in the stock is shown.

debabratamath

Harmonic PRZ is at 33940.35. One should buy at D for the reversal... Happy trading.