Approaching first accumulation zone of 630 2nd accumulation at 591 Target one 818 target two 960
I had placed a Stop loss order at X i.e 267 and it got hit on 4th November. For Gartley and other Harmonic Patterns where can Stop Loss be placed ?? Any Suggestion??
Go short once 1400 is broken for the 1st target of 1360-1380 and 2nd target of 1280-1300.
Nifty still moving in channel and long position will be risky . Once 8550 is broken it can go up to 8640-8650 which will be the good place to go short again
Learning Bat Pattern B is at least 50% retracement of XA leg, should not close above 50% retracment C is at least 61.8% retracment of AB and no candle should close beyond 88.6% retracment D is at 161.8% extension of AB Target1: 38.2% retracemnt of AD leg Target2: 61.8% retracment of AD leg
Lets watch if the targets are achieved. Will close NIFTY position a day before US election. Will trail the stop loss on regular basis
Revised my stop loss to 19090 for long position in Banknifty.
ITC is showing very good strength at around 238 levels . A perfect buy at 238 for a target of 254 in few weeks.
A good cypher pattern establishing on SBI . It ticked almost all the rules point 'b' should not close below the 618 retracment(x to a) ,point c should not close above 1.414 (Fib extention x to a and a to x) ) and entry point 'd' should be at 786 (x to c) fib retracement which comes out to be 253.20 . Place a buy at 253.6 with a stop loss at 251.89
A good cypher pattern establishing on SBI . It ticked almost all the rules point 'b' should not close below the 618 retracment(x to a) ,point c should not close above 1.414 (Fib extention x to a and a to x) ) and entry point 'd' should be at 786 (x to c) fib retracement which comes out to be 253.20 . Place a buy at 253.6 with a stop loss at 251.89
Buy at 1020 1st Target 1060 2nd Target near 1090
Observation : BATA failed to cross 485 level thrice. Those who are in short position can book profit as it is at its support zone now.
Will go long in SBI once it reaches 233 levels . Will watch the movement of this stock