nirav5

nirav5 Updated 

If the wave counts are correct and Bearish Butterfly has completed it's D leg, We can expect some wave C (part of correction ) to go around 195. If wave C is expanded like wave 3 (Shown in the chart) it can go even deeper than that. Kindly confirm at your end before taking a trade.

nirav5 Updated 

We have a Bullish Cypher Pattern on Asianpaint. As per ideal Cypher pattern D leg should be near 0.786 of XC leg but it went deeper. Still 1155 - 1160 is a major support level for entry.

nirav5 Updated 

IDBI has been moving continuously in channel. Currently We have witnessed an impulse wave 3 which made high around 77. These are below few things to be noticed. 1. Impulse wave around 77. 2. Bearish Gartley with D leg almost expected around 77. 3. Previous structure resistance around 77. I am expecting one retracement to slightly below 75 on Monday. Those...

nirav5 Updated 

If the trade setup is right D leg just reversed short of 2.0 retracement of BC leg. it can be from 1.618 to 2.618. so just we will have to check whether it has started its journey towards the target of 152 or still it will test further fib level above 2.0.

nirav5 Updated 

PNB is a high volatile stock. On its day it can swing big. Currently we are in the D leg if the pattern is valid. In order to make it a valid pattern it should travel near 144 or above. Wait for some rejection between 144 to 146 level before initiating the trade.

nirav5 Updated 

0.618 retracement from recent channel resistance 8806 to recent channel support 8541 comes near 8704 which again is Gap. Expecting a quick upside move with the first target at near 8700.

nirav5

There are 3 reasons for a bullish move in ICICIBANK 1. Channel support 2. Bullish BAT 3. Elliot count (End of an impulse wave 5) near 239. One can go long for 250 - 255 with the Stop loss of 235

nirav5

BANKBARODA is in the process of it's D leg of Bullish Bat pattern. If in the coming session BANKBARODA reaches 160 - 161 level. It will be good place to buy near previous support. It's on hourly chart so possibly the trade seems nearer as compared to daily charts' harmonic pattern.

nirav5

ASIANPAINT hourly chart has been moving in a beautiful harmonic manner. After bearish Butterfly (Blue) it is forming Bullish BAT (Green color). However another monster Bullish pattern (Orange) can also be seen if 1180 level is broken. So one can go Long as per the Bullish BAT formation with the SL level slightly below 1180 and target of near 1200.

nirav5

Bullish BAT setup on ICICIBANK. It has traveled to 260 and retraced back to 251. Those who have missed the upside this can be the good entry point for the Long position.

nirav5

Although retracement levels are not very harmonic but nevertheless looks like Bullish BAT pattern. First very small target 550.

nirav5

Currently D leg is in the making. One can short only after confirming the valid end of the D leg of the harmonic pattern (perhaps Bearish Butterfly). Current down move can get halt near 102.5 zone and need to check if it move towards upside. If Bearish butterfly is in the making it will surpass 107 level.

nirav5

Potential Bullish Gartley in the making. Possible reversal area can be near 19400 as it will be 1.61 Fibonacci retracement of BC leg and 0.786 retracement of XC leg. Kindly confirm the reversal before initiating the long position. Earlier it was looking like a Bearish Gartley pattern since 19700 - 19800 support is taken out it is forming another harmonic structure.

nirav5

There is a harmonic setup on CANBK. Currently forming a contracting triangle pattern. An either side breakout is possible. Downside is likely if harmonic pattern is valid.

nirav5

VEDL has been taking support and resistance of the channel. Interesting to see the behavior of the prices in the zone of 175 - 180. Head & Shoulder can be shaping up too.

nirav5

We are in the making of D leg of a harmonic pattern. 1st target can be at around 20380 where the hourly gap is there. Second target can be near 20500 or it can go till 20600. From there one can initiate short position only after confirming the harmonic pattern.

nirav5

The basic rule of Previous structure works as resistance. PNB has already respected 145 level and reversed. Interesting to see how it moves after reaching near 145.

nirav5

TATAMOTORS has recently respected 2.0 Fib retracement of BC-leg. CD leg can be 1.618 to 2.24 of BC-leg. Potential Bearish Shark on its way.