1.618 Harmonics Level, confluence with FIB projection of 1.618 Below 2372 Short is on SL is 2415 (2425 Safe) Possible tgts are 2275 and 2250
ICICI on 1.414 FIB and near 2.618 projection Rejection shows weakness Short below 650 with 675 SL Targets 610 and 600
Ab=CD and XABCD, FIB Projection and Reversal confirmed. SL is 800 Tgts are 725 and 700
HDFC Bank reacting from 1.618 Fib and 2.618 FIB Projection. Bearish Div on Daily. Short below 1580 with SL as 1625 Tgts are 1500 and 1450 Nice R:R
Flag pattern breakout with strong master candle, volume spike indicates that CRM is ready to touch 275-280 zone.
Nifty is trading at a strong FIB Resistance level. be careful bulls out there. (1) 1.618 FIB from Feb-2020 High (2) 2.618 as a FIB projection (3) Tredline Resistance (4) RSI Divergence (Price higher high RSI lower high) Can it go high from this reange- yes it can, but it must break 15275-15300 with strong buying force and close above it Path of least...
Britannia is approaching the major support zone now from 3300-3400. Bullish Harmonics Pattern with 0.886 FIB Mostly likely forming a double bottom (Not confirmed yet) Waiting for a bullish reversal signs however Bullish Div is clearly seen on Hourly and 2 hourly TF. Long here in Delivery and/or F&O is a low risk entry with SL below the major support line.
Right at the support. Trend is still up. Gap will act as support too. SL is very small and risk is minimum. ! HR TF possible tgt is 36k and 36.3k SL is 35490 R:R is good
Harmonics Pattern PRZ with 2.618 FIB Wave 3 almost completed with 3.618 FIB, Correction should start.
Bandhan Bank nice reaction from 0.886 FIB Harmonics Plus we have finished 3-3-5 correction as well ABC on EW waves. Harmonics and EW Waves confluence shows that this is buy on dips.
Burger king is in Golden FIb zone. Retarcement till 0.786 and taking support there is positive. Plus, it took price action support around 130-125 zone. It also broke the downwards trendline. Accumulating at this level for a possible taarget of 200 and 225 will have very good R:R. #educational idea
See how nicely Harmonics and EW waves work togther. We can find high probable setups with these tools. Right now Wave 4 is in progress and i am expecting one impulse leg further to complete the strcuture. We need to see how the waves are emerging and then attempt to count them using corrective waves pattern.
Wave 4 Correction is place on larger degree WAVE 4 is showinng WXY correction with X Wave faked out around 2100 and then Y leg started. We will get the confirmation of wave 5 impuse only when it breaks 2100 and closes above it. At that time the target is 2400 and 2550-2600 for Wave 5 Impulse leg. On the down side, if Y leg is extended a bit, it may spend some...
Flat formed from 14650 followed by ABC and 5 impulse structure going down, WXY is still information at this point, will need to see how it evolves but looks like double zigzag
(1) Rising wedge breakdonw with long bearish candle (2) Harmonic Patterns with 0.886 and 2.618 (3) Trendline holding banknifty finally broke today with force this is turning out to be sell on rise.
Harmonics Pattern with 1.414 FIB Reaction today 1.618 FIB around 1810 + Price action based Support Accumulate between 1800 and 1850 with SL as 1780-1785 (SL on Daily closing basis)
Monthly Chart of Dollar Index is looking good at current levels. Trendline Support Price action based strong support
USDJPY has bounced from 0.886 FIB and Price action support. Nice long entry would be when it brken the downtrend line with SL below the support.