sbvinith

sbvinith

41800 needs to be taken out for confirmation, stop loss 39800. Make or break level, so risk is significantly high. Going long in small quantities and adding as the wave progresses. MACD is negative on daily and weekly (so caution is advised)

sbvinith Updated 

harmonic patterns indicate an immediate target of 18160 and a further break up to 17800. Long only above DCB 18530

sbvinith

3750 is the potential target on the short side based on the harmonic shark pattern and it also coincides with the fib level (0.5-0.618 zone), making it even more lucrative to initiate longs in anticipation of a reversal from the said zone. However, given the fact that the recent fall had no retracement whatsoever, a possibility of a retracement at the current...

sbvinith

harmonic pattern indicating a 1:2.5 trade. The target could be achieved before the first week of January.

sbvinith

12% Upside possible from the current level. Risk-reward is quite favorable. Bearish Crab is an exaggerated target it could end up as a Bat with 0.886 retracement as well, but I incline towards larger targets on this one.

sbvinith

Two harmonic patterns at play (one medium term and one short term) converging at TARGET 1000

sbvinith

Harmonic pattern indicates a superb possibility of higher levels

sbvinith Updated 

If the blue box holds two large targets marked in green mentioned on the chart as per harmonic patterns

sbvinith Updated 

technical signals indicating a bottom at 16600 (+/- 40 pts) 1) 0.5 correction of the entire bull rally 2) 1.168 ext of wave A = wave C 3)CYPHER harmonic pattern usually, such a strong confluence occurs only if a strong bull rally has to follow catching bottoms will give you smelly fingers (hoping this won't)

sbvinith

the ratio chart is forming a falling wedge pattern and currently the ratio is at the bottom of the lower support line , this offers a good risk reward for long entry in bank nifty / banking stocks at the moment

sbvinith

symmetrical triangle pattern - bank nifty could out perform nifty if breakout happens on the upside and vice versa.

sbvinith Updated 

fib 50% retracement, falling wedge and dynamic resistance broken immediate upside 3-4 %, much more after wedge is broken (target will be updated later)

sbvinith

at trendline support. good place to accumulate/enter fresh longs for targets upto 520-530

sbvinith

triangle breakout retest, and consolidating for the past few weeks. potential upside of 10- 20% in the next two months

sbvinith

RSI is forming a falling wedge pattern and is at a trend line support, very good support level to look for targets of 5-7% from current levels

sbvinith

biocon in the process of completing falling wedge pattern - about to reach upper resistance

sbvinith Updated 

HDFC Bank at trend line which has been holding good since 2020. Targets marked in blue (5-7 % upside)

sbvinith Updated 

there is a visible breakout as per the green trendline marked; however, the orange trendline is yet to be broken for a confirmed breakout trade with targets as per marked fib levels