AB=CD
NIFTY SHORT IDEA. PRICE ACTION ANALYSISNifty has bounced off from the above supply turned demand zone and then closed below this zone.
As observed, the price took a stop at 3.618 retracement of ABCD pattern. But looking at the DJI index, nifty is likely to open with a gap down.
Here, 17400,17300, and 17200 have a good OI on the put side, meaning they are good supports. This has to be interpreted in the right way.
1) For the 17400 put writers exit, there will be a bounce if the market opens with a gap down.
2)If the price breaks
Exide Industries - Bullish HarmonicExplanation
A - 211.5
B - 170.55
C - 199
D - ???
AB = CD
211.5-170.55 = 40.95
199-40.95 = 158.05 Our 1st Price Reversal Zone (PRZ)
158.75 which is our 2nd Price Reversal Zone is 1.41 fibo level of B To C.
SL is below 1.618 fibo level of B To C.
Target calculated by C To D fibo levels.
Reliance Industries price action analysisReliance Industries is currently trading at the potential reversal zone (PRZ)/supply zone set by the XABCD Bearish Bat Pattern. In the past after reaching the supply zone, it got corrected until 0.618 Fibonacci retracementent of CD.
After a good correction, it is trading now near the supply zone. Since it touched the all-time highs, it never had closed above the supply zone. A daily or weekly(safe) close above 2275 could give a boost until 2307.
Sustaining above this supply zone, the price ma
NIFTY SEA PONY & SEA HORSE PATTERN IDEAThere could nice bounce in NIfty if the price manages to sustain above point C of this pattern.
The targets and stop loss are mentioned on the chart. Please wait until confirmation to go long. Stop loss to be same as cost, because stop loss for momentum trade could more here.
Below point D price goes to test the demand zone below.
TRADE SETUP WITH ABCD PATTERN. GET YOUR SWINGS RIGHT. NIFTY50This tutorial is on the ABCD pattern and the instrument used here is Nifty 50.
ABCD patterns are harmonics patterns from which swings lows and swing highs can be forecasted. The present situation is a bearish ABCD pattern. Each point denotes endpoints of the swings. A, B and C denote known swing points whereas D denotes the new swing high.
The trade setup is explained on the chart for both longs and shorts.
On breakout of point B, a swing high is taken out and point D would be our new swin
BANK NIFTY TARGET PRICE LEVELSBank nifty showed a fantastic rally after breaking the 36100 price level. If it continues to sustain above 36300, then go long. Target 1 is given by AB=CD pattern with 2 as fib extension.
If bank nifty manages above target 1 then trail stop loss until target 3. Targets 2 and 3 are in the PRZ, so book your profits timely. Above this PRZ, there will be another rally with shorts covering but considering today's rally, the index may undergo consolidation or correction.
Place stop loss at 36134 pr
HUGE SHORT COVERING IN BANK NIFTY ABOVE 36100Bank nifty is at 36100. If the 36100 price barrier is taken out then a huge short covering could trigger the index's price.
Go long above 36100. Book profits at the supply zone. If the price breaks the supply zone, then aim for the 36450 price level.
Stoploss if the price closes below 35910.
Happy trading. :)
This is not an investment idea. Please consult your financial advisor before investing.
Bank Of Barodaa Buy At CMPBuy At cmp
Stop Loss71.65(CLOSING BASIS)
HEY TRADERS,
THIS PREDICTION IS BASED ON A HARMONIC PATTERN AND THE HARMONIC PATTERN IS 100% ACCURATE AND10000% RISKY BECAUSE IT IS AGAINST THE TREND METHOD...
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COMMENTS WRITE DOWN BELOW OF THIS Chart...
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~Disclaimer: "I Am Not Sebi Registered Advisor" All views and charts shared in th
TRANGLE & ELLIOTE WAVE PATTERN IN SNOWMAN LOGESTICS 16.08.21BUY : 45
TARGET : 89 TO 109
Reason For Buying This Script :
In this script it forming triangle pattern & Elliott wave in monthly time frame. But still triangle pattern is not broken. Aggressive trader can take the trade before the breakout or else wait for breakout.
Don't miss this 105% profit opportunity.
Note :
Above given levels are based on monthly & weekly time frame . So be patience it will take some days to achieve the target.
ALL THE BEST ..
TWO BEARISH PATTERN IN SILVER MICRO IN BULLISH TRENDRisky Bearish pattern in Silver Micro
If BEARISH ABCD SELL ACTIVATED AT EXACTLY 70107 AT EXACTLY VERTICLE RED LINE, IT IS VALID SELL
CAN ADD MORE AT RED HORIZONTAL LINE MENTIONED ABOVE ABCD SELL AND SL MARKED IN BLACK
TARGETS MENTIONED IN BLUE LINE
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If BEARISH CYPER activated at 69342 at anytime I will take entry with SL MARKED IN BLACK FOR TARGETS mentioned after BLUE HORIZONTAL LINE























