IBULHSGFIN: Harmonic review

Indiabull Housing Finance Weekly chart has bullish bat pattern probability.

Further supports are at 585- 582, 556, 552.64, 474-470

Resistance are at 604, 650 levels.

Its daily  chart has bullish bat pattern and prices are at  its prz level ie. 597.14.

Hence, any bounce from this pattern can be treated as an opportunity to sell.

Near-term support 597, 592.42, 590.

Near-term resistance : 617, 620, 630, 638, 650

Nifty Intra has two harmonic probabilities:

Bullish Shark: Probable targets, 7731, 7718.8, 7695

Bullish ABCD: Probable targets 7638, 7624.9

INFY: HARMONIC REVIEW

Infy Daily Chart has two harmonic pattern  probabilities.

Both of them providing same prz levels.{994-993}

ASTRA MICRO: HARMONIC REVIEW

• Astra micro Daily chart possesses probability of Bat Pattern
• I have marked the said probability by XABCD points, 
• If unfolds can take stock to the levels of 152, 158.
• Near Term Supports for the stock is at 133, 125
• Near term, Resistance is at 141.
• Stop loss is at 125 levels.

HINDUNILVR: Harmonic Review

• Hindustan Unilever weekly chart has bullish Gartley Pattern.
• The Stock is consolidating from past 10 weeks and is trading in between 61.8% and 78.6% retracement of pattern XA leg.
• Hence stock is stucked in between 813- 767 levels.

DR REDDY :HARMONIC REVIEW

Dr Reddy daily Charts had Bullish Shark Pattern, and prices seen bouncing from its prz area{ 3393-3189-3123}

Dishman Pharma: Harmonic Review

• Dishman Pharma Daily chart possesses probability of Shark Pattern.
• I have marked the said probability by Red lines.
• If unfolds can drag stock to the levels of 292, 280, 260, 244.
• Near Term Supports for the stock is at 320, 310, 280, 270
• Near term, Resistance is at 331, 338, 341, 368.

ICICI BANK: HARMONIC REVIEW

ICICI daily Charts had Bullish Cypher Pattern,  and prices seen bouncing from its prz area{ 256}

I could see further  harmonic pattern probability, if unfolds can take stock to 284-286 levels, provided stock sustains above 266 levels.

However, any Break below 256 levels could trigger further selling in the stock.

MIND TREE: PRICE PATTERN

• MindTree Daily chart possesses probability of Gartley Pattern.
• I have marked the said probability by XABCD.
• If unfolds can drag stock to the levels of 1354, 1346, 1341, 1327.
• Near Term Supports for the stock is at 1444, 1397-1395.
• Near term, Resistance is at 1372-1375, 1495.

Monthly Chart

Bullish Engulfing on Nifty: Is the short term bottom made

Today, Nifty seen a gap down opening, however, sell-off encountered near 78.6 Fibonacci Retracement[ 7710] of its previous rally from 7539 to 8336 levels and recovery rally was seen.
Nifty closed near Day's High, forming Bullish Engulfing Candle, which engulfed entire previous Doji candle.

According to hourly harmonics, Nifty reversed from shark prz area.( as discussed in the previous review)

Considering the above Technicals, a question arisen, Is short bottom is made?

Continue Reading

Happy Deepawali..

🎊💥💫🌟✨🎊
α ƒєsτıναℓ ƒuℓℓ
Ŏƒ sωєєτ мємσяıєs,
sκy ƒuℓℓ σƒ ƒıяєωσяκs,
мσuτн ƒuℓℓ σƒ sωєєτs,
нσusє ƒuℓℓ σƒ đıyαs
              αиđ
нєαяτ ƒuℓℓ σƒ jσy.
ωısнıиg yσu αℓℓ α νєяy
  ❤нαppy đıωαℓı
       🎊✨🌟💫💥🎊

Nifty Harmonic Review, across different time frames

• Nifty intra 15 min charts had reversal from bearish gartley pattern ( Prz 8113.81).
• Now i could see it forming shark pattern, however sustaienenace below 8030 levels are required to unfold the said probability.
• Shark pattern suggesting 8009- 7980.50 as its prz area, from where short term reversal can be seen.
• 7980 could serve as an important support in the near term scenerio.
• This chart also has bullish abcd pattern suggesting 7964-62 as its prz area.
• This shark pattern can be traded keeping stop loss at 7960 levels.
• Further support is at 7846.
• RSI at 30.3

-----------------------------------------------------------------------------------------------------------------------

Coming on to hourly chart:-

• On hourly chart, nifty is trading within a up-sloping channel, and is near to the lower band of the channel.
• So its important to see whether prices will take support at the lower band or break through it.
• Hourly chart has gap support zone at 8005-7958.70.
• I could also see a probability of shark pattern on hourly chart also, if unfolds, can drag index to 7764-7607 levels, however this probability will unfold only if decisive break below 7960-7940 levels is seen.
• RSI at 37.9
• ------------------------------------------------------------------------------------------------------------------

Coming onto Daily chart:-

• On Daily charts, past two candles are overlapping side by side candle, whereas prices tried to cross 8088 levels, but unable to close above it.
• In today's session index close under important 8055 levels. 
• However index is near two month demand trendline, however any close under the tredline would negate the trendline support.
• RSI is at 45.4.
• Imp Support Levels: 8055, 7691, 7539.
• Imp Resistance Levels: 8088 , 8244.

------------------------------------------------------------------------------------------------------------------------

Moving onto Weekly chart:-

• On weekly Chart, index is trading in a down sloping channel.
• Last week candle was a bearish engulfing at channel resistance band.
• Imp support levels are 7940, 7540.
• Imp Resistance levels are 8654.
• RSI is at 46.3