Harmonicsignals
BHARAT FORGEHello and warm welcome to this analysis
On daily time frame it has activated a Bearish Harmonic Deep Crab indicating a retracement till 850-825 as long as it does not break above 895.
Good risk reward set up here.
A word of caution, results are due tomorrow. So manage your risk accordingly.
NiftyHello and welcome to this analysis
Nifty today activated not one but two bearish reversal signals.
First it activated a Bearish Harmonic Alt Shark (double confirmation if price sustains below 18350) for suggested downside levels of 17750/17250. This pattern would be considered negated above 18575.
Second it coincided with an Ichimoku Price and Time axis equilibrium date - (double confirmation if price sustains below 18360. The reversal as per Ichimoku will become invalid if a daily candle close occurs above 18450. Downside targets for Ichimoku are also similar to Harmonic ones.
Use the dips / correction to add stocks, corrections are healthy and a good opportunity to invest in growth stocks.
ADAUSDT ShortTime Frame: 4H
Symbol: ADAUSDT
Entry: 0.3233
TP: 0.2980
SL: 0.3400
Bias: Short
We have no major directional bias. Dollar will remain strong in spite of all difficulties. We assume that the dollar will strengthen further and the other currencies related to it will decline in recent weeks.
EICHER MOTORS - at short term supportThere's a formation of Bullish Bat Pattern on the hourly chart of the Eicher Motors,
Bat pattern is a five-legged harmonic pattern that provides us with potential reversal zones, from where stock usually witnesses sharp recovery or fall as the case may be.
Here 3407-3434 is the PRZ that the pattern provided as we did see the sharp recovery back from there.
The pattern PRZ is also coinciding with the daily chart support levels around 3400.
Now sustaining prz , we may see stock testing 3500- 3570 in the coming trading sessions.
Trade type: Reversal Long Trade
Pattern: Bullish Bat Pattern
Support: 3400-3434
Target: 3500-3570
CMP: 3464
How to Buy: Time your trade from lower timeframes, to manage your risk better.
ADAUSDT ShortTime Frame: 4H
Symbol: ADAUSDT
Entry: 0.3341
TP: 0.3118
SL: 0.3501
Bias: Short
Crypto pairs are in constant drive for a bearish price trajectory. As we see the price pattern is oscillating between dynamic support and resistance for several weeks in same range , we have projected our set ups according to our expectation from the ranges.
ADAUSDT ShortTime Frame: 4H
Symbol: ADAUSDT
Entry: 0.3401
TP: 0.3150
SL: 0.3566
Bias: Short
For crypto pairs our goal is to look for small opportunities in tight ranges. The study of dynamic support and resistance do not seem to be very appealing for a strong directional bias. We can expect some impulsive moves from current price points.
ADAUSDTOn the four-hour and daily time frame, we have a positive RSI divergence, which is accompanied by the harmonic patterns of CYPHER & Nen Star
On the other hand, the support range of $0.2755 has been maintained for now, but we don't have any highs.
If the $0.2755 range is maintained, there is a high probability of breaking the long-term downtrend line.
What do you think?
ADAUSDT LongTime Frame: 4H
Symbol: ADAUSDT
Entry: 0.3600
TP: 0.3854
SL: 0.3362
Bias: Long
For this instrument we are neutral but in some cases we have chosen to take directional bias. However, the overall movement and volatility do not imply any strong price movement possibility or any type of future outcome that will be strongly based up directional bias. So the vast majority of our set up selections are based upon recent price fluctuations.
Bandhan BankHello and welcome to this analysis
Upon completing a Bearish 5-0 Harmonic pattern it has formed a Bullish Harmonic AB=CD (62/162) at 225 and at the same time activated another Bullish Harmonic AB=CD (38/224) 225-215 PRZ.
Bullish reversal is being seen today. As long as its above 215 it can do 250/275. Accumulate in the zone of 225-235
Good risk reward set up at current level
Happy Investing
ADAUSDT LongTime Frame: 4H
Symbol: ADAUSDT
Entry: 0.4063
TP: 0.4288
SL: 0.3880
Bias: Long
The study of dynamic support and resistance displays a narrow range and the price is oscillating between two extremes but the volatility factor is low. That is why we cannot expect a high potential trade from the current price context. Considering the price pattern we can expect some price move from support to resistance and resistance to support.
ADAUSDT ShortTime Frame: 4H
Symbol: ADAUSDT
Entry: 0.3958
TP: 0.3667
SL: 0.4104
Bias: Short
The current price pattern of the forex pair is denoting a paradigm shift because of recent price fluctuation. The study of recent support and resistance proves that the course of price action will abide by our projected trajectory.
BANK NIFTYHello and welcome to this analysis
Bank Nifty has activated a Bearish Harmonic Bat in daily time frame.
The anticipated retracement levels are 38-50-62% of the upmove. The view would be negated if it sustains above 41530.
As per Ichimoku Time and Wave Theory also we have a turn date activated. Until it sustains below 41530 it would remain weak. In case it breaks on the upside then the low of Friday October 28 would be considered as a stop loss for longs