NIFTY - NEXT MOVESNifty - after consolidation for a while on a verge or breakout / break down. Bank Nifty already gave a break out in the last sessions, now its time for Nifty to have a catch-up run . RSI also looking to breakout
Details of trade setup on charts
refer to the related idea on BNF for last week
Trade Safe
Bat
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Crudeoil Bearish Bat pattern foundThere is an harmonic pattern found in crudeoil mcx and Usoil.
Entry & stop marked red and black, targets in blue color.
Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss. If you follow diagonal trendlines you can take entry and exit easily. (Color code (only for diagonal trendlines ): green - bullish , red - bearish , black & violet reversal points). If any doubt for take entry in price action patterns, please ask in comment box, i will try to help.
Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels, It is shared here for learning purpose. It is all your own risk.
so bears are ready to shortto be honest , market is no longer in bullish sentiment so it is good to take small put position on last stand sector.. "THE GREAT IT-SECTOR",immediate targets are 1667,1650, and if bears are really hungry then 1585 is not so far, because no big houses will buy infy in 1600-1800 range and retailers and some small operators cant hold this BEAST on this levels..
lets see, what happens to this guy
💎 WRXUSDT : 2263% Profit Potential in Next 10 Months💣💣💣💣last week we seen huge buying in WRX coin, in upcoming months its going pump very hard.
entry and targets are given on the chart. Please Like and comment if there are any queries.
WLong
Chart8: Accumulate Federal Bank for targets of 80/100 plusNSE:FEDERALBNK
Trading Idea: Short to Medium term positional
Reason: Good cypher pattern close along with good accumulation happened btw 50 to 60 zone in Federal Bank. It is entering into demand zone .
Chart Pattern: Harmonic pattern
Targets: 80/100 plus
Stop Loss: Daily Closing basis 57
Holding Period: 6 Months
DISCLAIMER: Trading Ideas are shared for learning and education Purpose Only. Please consult your financial advisors before investing/trading.
ALong
Strategy : Buy in Dips using Support Zone & EMAIEX is an Indian Company in Power Sector.
Recently after forming a Bearish Bat, Share price fell by almost 20% from 303 to 235
The RSI of the company also reached 30 level - Key level for bounce back
After taking support at its previous low that is the W pattern low 1 at 236- 232 zone ( purple rectangle in chart ),
The share has shown a healthy bounce led by the Bullish Kicker and is trading at 254 now.
If it follows the trend of bouncing from EMA 100, one can look for targets at previous Highs of 300 and 317
In a rising market, EMA is a good tool to catch the Dip if price shows a healthy initial bounce.
Stop loss at 230 that is previous low will warrant a reward risk ratio of 5:2
The share fundamentals are strong and has a PEG Ratio of 1.8.
PEG ratio above 1 is generally considered good.
The EPS of the company has been on a rising trend and can be a good long term pick as well.
Thanks for reading!
I am pretty much self taught in Harmonics, so in case I missed something, let me know in the comments.
Note : This is purely for Educational purposes and not to be considered as an Investment Advice.
Where will Hero Motocorp head to ?Where will Hero Motocorp head to ?
Reasons/Traits :
• Bullish Bat Harmonic Pattern formation is seen
• RSI/MACD are ready for up move, yet to confirm
• Price is way below 13,50 and 200 EMA
• Recent swing low matched with earlier lower low (important level for support)
What can happen next :
Scenario 1 : Price can move up to complete bullish bat harmonic pattern (2700/2750/2781/2830/2875/2900/2950)
Scenario 2 : Price below 2635 can go down to 2580/ 2530/2475
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!






















