Bandhan Bank is forming Bullish BAT with 0.886 FIB and AB=CD Bullish Pattern. Two bullish pattern with possible swing low in formation or about to be formed. Low Risk buy Setup. Bit of Education : B point placement on the W and M Structure plays pivotal role on the possible D point placement. Also accompany Pattern with oversold RSI Indicator reading....
Studying the EW wave with Harmonic and finding out high probable zones from from which swing high and swing low forms up has been a passion for me. I think EW wave analysis with Harmonic M and W structure provides low risk and high probability setups. One of the advantage of this analysis is to have minimum risk as these are all leading indications of the price...
Correction is almost done with BAT Pattern confirmation. Possible tgts 7k and 7200
This is the EW Wave counts based on Monthly time frame log scale. (1) See how the Magenta Trendlines are driving the prices. These are long term and solid structure contained within the trendlines. Lower Trend line provides the support and the upper trendline provides the resistance. (2) Waves counted in in Red shows major/monthly elliott wave cycles. Waves in...
Possible buy at CMP till 892 with 850 SL Possible target Wave 3 top as first target and then we will see the reaction and decide later
Possible targets are explained with FIB relations. It is at Harmonic 1.618 FIB PRZ but not showing any weakness still I still feel 1075 to 1100 is a high probable zone from where we should see profit booking.
BajajFINSV has started a Wave 5 on a weekly EW Cycle. Possible targets are explained in the chart. SL around 10450
(1) Classic Crab pattern with 1.618 FIB and 0.886 FIB for point B and C (2) 1.618 FIB via trend based FIB Extension from ABC and project it down with 1.618 FIB around 804 (3) 1.618 FIB Retracement from B to C downwards at 827. (4) DEMA 400 around 780 Nice and clean long setup with SL around 775 possible tgts are 850 and 870
Buy at CMP with SL below 315. Wave 5 Tgt are (1) Wave 3 top (2) Anywhere between 0.382 to 0.618 FIB levels from Wave1 to 3.
Harmonics with 1.272 PRZ and 3.618 Swing Support
GOLD is reallty looking for positional atm. It is forming WAVE 3 on the larger degree shown in Red color. This WAVE 3 comprises of five impuse wave out of which WAVE 4 correction (WXYXZ) is about to be completed. Just sharing a view but deriving trade based on the view is not difficult.
Asian paint is now approaching nice and solid support levels. Keep and eye on XABCD with 1.618 FIB and XABCD with 0.886 FIB Any investment buy from CMP till 2000 is a solid buy with SL as 1975 For F&O Long positions, we will wait until it formes some sort of Reversal patterns of break downtrend line and then we will have swing low established and we can inititate...
Weekly trendline Broken Price volume breakout Inverse head and shoulder breakout Harmonics in place Full of confirmations.
Triangle breakout Harmonics in place RSI gaining strength Give that RSI level breakout and we are looking for 480 and 525 Sl is 395
4.618 FIB Prokection did not respond to 2.618 Harmonic FIB RSI highly overbought on daily and weekly so far it is not breaking swing lows on hourly timeframe so need to wait
Harmonics with 1.13 FIB level and EW 5 wave impulse sequence is highly likely completed. RSI Bearish Div Short with SL as 10400 Tgts are 9650, 9500 and aggressive tgt of 9450