Hello and welcome to this analysis on Nifty
In 15min time frame Nifty has activated a Bullish Harmonic Reciprocal AB=CD which could give a bounce back to 17250 and more
Overall structure above 17300 would activate a higher low set up for more upside.
Pattern goes invalid below 17065
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Let's 1st have a look at what it has done from MAY 2021 onwards
From MAY 2021 till July 2021 it completed an abcde corrective triangle and in the process made a Bullish Harmonic Deep Crab Pattern.
This was followed by a strong reversal till early NOVEMBER where it completed a Bearish Harmonic AB=CD pattern.
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On daily time frame we can see
5 waves down - Wave A from APRIL 2021 to JULY 2021
Corrective abc up - Wave B from JULY 2021 to NOV 2021 which looks like a double top/horizontal B
Minute impulse down - Wave 1 of C
currently it appears to be making Wave 2 of C which could retrace till...
Hello and a warm welcome to this analysis on Nifty.
It has activated a Bullish Harmonic AB=CD which is suggesting a bounce back to 17600-17800 from these levels. The view would get negated if it trades below 17175
Harmonic Patterns are based on specific Fibonacci ratios which when found in Market Geometry shapes lead to change of trend - bounce/reversal as long as...
Nifty is moving within a rising channel. After testing the falling trendline it now appears to be all set to break it.
Based on this it could rally till 18175 and 18375 as long as it does not break 17900 from here onwards
Risk Reward for the trade set up looks good
Hello and a warm welcome to this analysis on NIFTY
It has activated a Bullish Harmonic Reciprocal AB=CD at 17835 which also coincides with hourly time frame Ichimoku kumo support.
As long as it sustains above 17790 it now has the potential to rally till 18200-18300.
Harmonic Patterns are based on patterns which have specific ratios which signal reversal of trend....
Hello and a warm welcome to this technical analysis on HINDALCO
In daily time frame it has activated an Ichimoku bullish alert C Clamp suggesting the possibility of a rally till 500 provided it does not breach 453.
Approx time frame for the suggested level is around 2 weeks.
It has given a breakout after a sideways corrective. In the short term it could rally till 155-160 while in the medium term stock looks good for a possible 225. Short term stop loss for this breakout is at 141
Hello and a warm welcome to this technical outlook on Dr Reddy based on Harmonic Patterns.
In daily time frame it has made a Bullish Harmonic Cypher suggesting an up move possible till 4800/5000 with a stop loss at 4500.
Hello and a warm welcome to this analysis on Nifty
In lower time frame Nifty appears to be in sub wave 4 which might complete between 18200-18300 and then resume another rally.
A confirmation of sub wave 4 done would be it sustaining above 18500 for an hour.
Its advisable to use the up coming resistance around the upper trend line to book profits in the coming...
Hello and warm welcome to this analysis on KOTAK BANK which has been on a strong uptrend since AUG 2021.
It appears to have completed its pullback and has reversed from strong support base of 1925. If that is held then it can continue its uptrend till 2100 for now in the short term.
Hello and a warm welcome to this analysis on Bandhan Bank
The stock has been trending within a channel which could not break on the upside.
Resistance at 300-340 then 400 and a bigger one near 450 with good support at 275 and below that at 250.
A good opportunity lies here to do an SIP for medium to long term with a decent Risk Reward ratio
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Triangles are a prominent feature in wave 4 (Elliott Wave Theory). Price remains within a narrow range with lower volume for a very long stretched time as the preceeding Wave 3 has had a tremendous run resulting in cooling down in trend for sometime.
In this weekly time frame a triangle in wave 4 is coming to an end. Post...
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In this analysis I have covered TAJGVK Hotel which is giving an Ichimoku breakout in daily time frame and pattern wise also looks bullish in weekly time frame.
It could rally till 160/170/185 and more in the medium to long term. Failure to hold 115 would negate the view.
Welcome to this analysis on Bank Nifty and Kotak Bank
On the hourly chart Bank Nifty appears to be ending its 5 waves up from Aug 23rd lows (this can stretch to 38000)
Kotak Bank in daily time frame is at a Bearish Harmonic AB=CD Pattern along with 1.27x its Fibonacci extension of the IHS breakout. (this can stretch till 1925)
Both can cool off a bit from...
Welcome to this analysis of KOLTE PATIL a real estate segment stock.
In the weekly time frame after a long consolidation it has given an INVERSE HEAD & SHOULDER breakout suggesting upside levels of 375-400-425.
It has formed a strong base near 250.
Stock can also turn out to be a multi bagger in the long run.