Bullish Shark
CIPLA - Probable Downfall in coming session(s) - POSITIONALCipla seems to have a bearish sentiment. Broken the Channel and the Monthly zones with good volume . Expecting it to fall further (a retracement to the red line is quite possible). Will be entering short basis candlestick pattern and if it shows rejection below the red line for a TGT of about 521-525.
Entry would be mostly around 585 (near to the red line, if retracement is seen), SL above 603.5, TGT: 521-525.
Disclaimer: These are just my views, I am only SHARING my views - kindly do NOT tr
ITC (LONG)1) Bullish Shark Pattern ( Harmonic Pattern )
2) Vortex bullish
3) Stock bounced from Demand zone / support
4) Stock bounced from channel bottom
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5) Target - 248-250
6) SL - 234
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Note : This study for educational purpose only.
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Twitter - @bagade_arvind
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NiftyNifty through the week was within a falling channel making Lower Lows and Lower Highs. At close today it came into the PRZ of 3 Bullish Harmonic Patterns, namely, Shark, Bat & Gartley. If it were to reverse from this level it needs to survive above 11940 for an hour at least. Then it could move all the way back to test the falling channel at 111975-12025. From that range (or on failure to hold 11885) we could expect the next set of 3 Bullish Harmonic Patterns. namely, Alt Shark, Bat & AB=CD get
Will Bullish Shark lift ICICI BANK ? Hi All,
We have spotted a bullish harmonic shark pattern setup on 15 mins chart of ICICI Bank.
Trade levels highlighted on chart.
Trade levels
Entry @ 318.75
Targets- 321.9 - 323.9
Stop- 316.5
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Trade with care.
Gulz.
BULLISH SHARK DONE IN TATA STEEL, NOW TURN FOR A BULLISH BAT ?Hi,
Thanks @razultull for spotting the patterns.
Intact there was a shark right behind the BAT & it would have been a juicy trade but we missed it.
So there is a bullish bat harmonic pattern is developing on 30 mins chart & the D leg of the BAT coincides with support trend line (green colour on chart). D leg completion is at 468.5 (PRZ).
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Stop loss would be placed below X leg structure

















