Broadening Wedge
SRTRANS good long candidateSrtrans finance multiple harmonic pattern formation with maturity at same level,, counter managed to sustain prz levels of 2 time with positive divergence in indicators,,
good upmove ahead,, atleast 5-7% upmove can be seen in coming days
Good long candidate,,
SLong
Broadening Descending Wedge Setup?Notes:
BankNifty seems to be forming a descending broadening pattern.
Statistically (Taking Thomas N Bulkowskis book as a reference) an upper breakout is preceded by a partial decline (as in this case) around 87% of the time.
Target in case of a breakout on the upper side would be the top of the pattern which is 35650.
Please note - Not a SEBI Registered Advisor/Analyst. Only for Educational Purposes. Please Consult your financial advisor before you take any action.
The book came h
AMARAJABAT - Plan, Risk and Logic in Description ✺----------------Drop a follow here: @Averoy_Apoorv_Analysis ✺
✺--------------------LOGIC of the trade----------------------------- ✺
✣The Green area is the weekly support zone
✣The blue trendlines depict resistance lines and support lines of a broadening pattern for downwards
✣The yellow lines show a parallel channel in making
✺----------------------- Plan of the trade---------------------------- ✺
✣No potential longs at current levels at least
✣Be patient enough to let it break out of
ALong
Nifty - Deep Crab Harmonic Pattern 14875-14900(Buy & Sell)Last @ 14800 - 7th May2021
Buy with Stop loss below 14770 for Target 14850 / 14875
Sell Later Once Index Halts in 14875-14900 zone (PRZ-Potential Reversal Zone) for Deep Crab Harmonic Pattern ( Srtictly --------No sell if Index extends above 14900)
BRITANNIA - Broadening wedge pattern formation at weekly TFBRITANNIA - Broadening wedge pattern formation at weekly TF
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Disclaimer : All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
HDFC Bank - Bearish CrabBearish Crab pattern seen in HDFC Bank.
This is not a very perfect pattern (looking at BD ratio).
We have considered this because of the RSI divergence along with harmonic pattern.
This is a Weak Signal + Strong Context signal.
We are expecting a 176 Rs. fall in next 15 odd days, and we will be keeping stop loss at 1260.
Views only for educational purposes. Assess your own risk before entering financial positions.
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A possibile Sharp Fall!! - Bearish Butterfly & Broadening WedgeExpecting TVC:USOIL to go for a sharp correction.
Harmonics 4-point & 5-point pattern helped identify a Potential Trend Reversal Zone, where bullish movement may end & trend may reverse.
Got a terminal candle confirmation in the PRZ.
Also, in a broader view prices formed a Broadening Wedge Pattern (a-b-c-d-e wave structure) which might possibly be a B-wave in an A-B-C Correction Wave pattern.























