AU SMALL FINANCE BANK 1- The formation is of head and shoulder pattern 2 As per the Harmonics also we could see Gartley getting formed in this 3 if the point b is broken and sustained we can see a good fall in au small finance simple chart but looks like a good opportunity your valuable comments motivates for more and more charts but i prefer to do only...
NIFTY Showing good strength, cup and handle and Bat looks like it will go till 17100 - 17200 levels
HARMONICS - Harmonic patterns were discovered by H.M. Gartley in 1932. Later the theory was developed by Larry Pesavento, who wrote a book Fibonacci Ratios with Pattern Recognition. Harmonic patterns are similar to chart patterns like “Head and shoulders” in a sense that they are based on a specific shape of price action. NOW LOOKING AT SRF CHART WHAT IS MY...
INDIAN OIL CORPORATION 1- making perfect cup and handle formation 2- 125-127 is the demand and supply zone that has played its role many a time looks at the chart for more clues 3- if we consider harmonics as well in this chart it is making perfect w pattern consider the leg of xb as 0.50 (though on the chart it is 0.531 , we can consider it as 0.50) 4 so...
Dear Traders 1- Look at the strong demand zone, every time the stock has been respecting the same demand zone, it comes to this level and then bounces 2- There is a strong trendline which is coming from a few weeks, the high probability the stock may come to the same trendline again 3- It has made a perfect double top pattern 4- It has made a bearish engulfing...
HINDUSTAN AERONAUT 1- it is again coming close to the supply zone, remember any supply zone once broken and closing has given above that will start acting as a demand zone 2- The same zone has been acting supply zone from September onwards 3- Moreover it is a made a perfect pattern as well which itself has a high accuracy @ all my study is only for...
RAMCO CEMENT - Script has been trading in the range of 200 points for the last 6 months 1- every time it is coming and bouning from the same levels 2- Now it is making a perfect inverted cup & handle pattern which itself is a bearish pattern 3- Any trade whenever we take we do confirmation of the price action, however as of now it is not showing any clear...
1- MY PERSONAL OBSERVATIONS FOR SRT ARE AS BELOW 1- it's been consolidating in a range from the last 7 -10, trading sessions, however when ever the momentum loss or any particular script is in a range that is the perfect candidate for breakout or breakdown 2- As per the price action it is making a cup and handles which itself has great accuracy 3- Now if I...
INFO EDGE 1- INFO EDGE is a range from last few days, most of the time whenever the stock comes out of range, They move like crazy example - You may check PolyCab ( 13th Jan Chart) 2- Once Point B is broken then the Harmonic Pattern will get activated 3- It is making a perfect Flag and pole Patterns which itself again one of the bullish Patterns - All these...