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Nifty - BankNifty - USDINR - DOWDOW Monthly Kijun has always been held since the Sub-Prime lows. If 25600-24800 gives way then 22700 would become a possible target USD INR Monthly has made a Bearish Harmonic AB=CD. Weekly has done its minimum Dragon target, further sustaining above 74.75 would take it to 77 to complete its next Dragon target Daily has also made a Bearish Harmonic AB=CD. Ideally sustaining below 74.25 would trigger a decline BANK NIFTY Monthly Kijun 28100-27400 crucial for upside. Weekly has made a Bullish Harmonic Reciprocal AB=CD also, if that fails to hold then 26500 would become a possible target. Daily has made a Bullish Harmonic Bat at FRI low NIFTY Monthly 1st support at FRI low if breached again then 10550 resistance 11200 Weekly 10850 needs to be held on closing basis else it opens for 10550 and then 9800. It also has a Bullish Reciprocal AB=CD at 10800-10750. Daily has made a Bullish Harmonic Bat at FRI low. For it to start reversing and moving up it needs to get above the following resistance lines 11050 / 11200 / 11500
NSE:NIFTYEducation
by Dinesh_C_Nagpal
1
SUNPHARMA - Bullish Bat - Support of Channel - Long Possible reversal zone (PRZ) - @ 380 Sunpharma has been on a down run since Jan end. Today it got retraced from channel bottom. As the whole pharma sector is going down, tomorrow it may go down a little further. Bullish Bat Harmonic Pattern is seen developing near the channel bottom and possible reversal from 380 can happen The Target for positional trades would be 417 and ++ Intraday Target would be 395 . book half here and leave the rest to square off Trade Plan Scenario 1 - In the initial session - Script directly starts falling and touches 380 or falls more .. wait till it starts reversing and crosses 380. Buy at 381 Scenario 2 - If Script doesn't fall till 380 and starts retracing from 384 only .. wait till it crosses 389 . buy at 389 Scenario 3 - For Risky traders - buy on dips till 380 Happy Trading MSK
NSE:SUNPHARMALong
by msk_analysis