nirav5

nirav5

We can expect a reversal for the short term as a trade setup as there is a chance of Bullish Gartley pattern on BHEL. Potential Reversal area - 122.50 - 124.50 SL 122. 128 would be a reachable target. However 0.618 retracement from C point (130.45) to futuristic D point would be an ideal target.

nirav5 Updated 

Kotakbank is approaching it's support zone in between 700-720. On Friday, 1st December, it touched 720. Which again was CD = 1.618 (BC). Please also note BC = 1.127 (AB). These levels have provided reversals on known Fibonacci levels. 750 - 760 seems very reasonable targets.

nirav5

Guys watch out for the reversal area. SL 8240. Target 1 8180.

nirav5 Updated 

We have a Bullish Harmonic setup in LT. Exit the long position with SL of 1348. Target 1 - 1360 Target 2 - 1365 We can have another setup if LT crosses 1376. I will address it if this pattern gets executed successfully.

nirav5 Updated 

Possible intermediate wave counts. If wave counts are correct we are currently in 'a'. Your suggestions and corrections are welcome.

nirav5

Guys, DLF has been moving in channel. Get ready with your mind mappings for trading within the channel and another plan for channel breakout.

nirav5 Updated 

DLF has made a low today around 111.50 and reversed as it was CD = 0.786 of XD. It would be best buy near 110 for the target of 113 - 113.50. SL would be 109.

nirav5 Updated 

Yesbank is approaching it's resistance 1180 - 1200 (previous support zone). We have a harmonic setup building up on the hourly chart. Short position can be created once price gets rejected from the above zone. SL 1193. I will update the targets once reversal is indicated.

nirav5 Updated 

Due to recent demonetization people may put a check on their consumption's list. We have nice setups for Bearish BAT pattern(s). There are 2 X co-ordinates and hence possible 2 'D' points. Already 838 has acted as a resistance once, need to check the HINDUNILVR's price action on Monday for finding the reversal signal from the Potential reversal zone. If...

nirav5 Updated 

We have potential Bearish Gartley on BPCL. Expected reversal area around 650 - 656. The pattern gets failed if D leg fails to cross 649 (upside). Kindly wait for the reversal sign before initiating the trade.

nirav5 Updated 

We have potential bearish Bat setup on Nifty. As such for Bearish Bat pattern it would be ideal to expect reversal area between 8080 to 8100. It can reverse from earlier level of 8060 - 8070. 8105 would be strict SL.

nirav5 Updated 

Tatamotors hourly chart suggests potential Bearish Butterfly Harmonic pattern setup. We are currently in the D leg. If the setup is correct we can wait for the reversal sign between 480 - 490. That will be good trading opportunity for creating the short's position.

nirav5 Updated 

We have potential Bearish Bat Harmonic setup. Expected reversal area from 282 - 284 level. Pattern invalidates above 284. Target can be expected around 278.

nirav5

The chart says it all. Get ready with the action plan for the either side of the triangle break out game. I have one secret plan here. AB = 0.786 of XA ( First set up of Bearish Butterfly). However it's very early to go for the prediction. Lets see how it reveals . Even if it goes up side careful with the 292 - 300 level. Please share your ideas. You can...

nirav5

We are in the D leg for potential harmonic setup (BAT). Potential reversal area can be from 790 - 797. The pattern gets invalid if the D leg crosses X point (near 297).

nirav5 Updated 

We have a Bullish BAT pattern shaping up on CNXAUTO. Some interesting support level to watch out for the reversal area as shown in the chart. As such pattern looks clean just have to wait for the reversal signal before initiating the trade

nirav5

We have Cup and handle pattern on Lincoln. Post the break out from the current (handle's) channel will travel upwards journey.

nirav5

We have bearish Butterfly on DJIA weekly chart. Currently we are in D leg. We need to confirm reversal as Bearish Butterfly D leg can get extended too long. If the pattern is correct big volatility in global market is coming. It's just the matter of few week(s) !