Trading using Harmonic Pattern

Escorts Positional  Traders can use the below mentioned levels Close above 755 Target 799 Intraday Traders can use the below mentioned levels Buy above 755 Tgt 765, 777 and 799 SL 749 Sell below 743 Tgt 737, 729 and 720 SL 749 GAIL Positional  Traders can use the below mentioned levels Close above 92 Target … Read more

Bank Nifty close above 14251,EOD Analysis

As discussed in last analysis    Also Black Swan Harmonic pattern will again get activated above 14251 for target of 14524/14724. Bank Nifty closed above 14251 so we can see move towards 14524, Weekly close above 14524 will be bullish signal for short term. Close below 14251 will again increase probability of move towards 13890/13810 Ingredient … Read more

Nifty moves from supply zone to demand zone,EOD Analysis

FII’s bought 18.8 K contract of Index Future worth 1030 cores ,18.5 K Long contract were added by FII’s and 342 short contracts were covered by FII’s. Net Open Interest increased  by 18.1 K contract, so fall in market was used by FII’s to enter  long and  exit shorts in  Index futures. What Constitutes 80% Of … Read more

Bank Nifty reacts for supply zone,EOD Analysis

As discussed in last analysis    Also Weekly Analysis  Black Swan harmonic pattern which got completed at 13810 and we saw the expected rally above 14150.We need to close above 14524 for next move towards 14745/14965. Bank Nifty made high of 14600 and saw immediate selling pressure and closed just above 14150, till we close above … Read more

Nifty Did 1 target of Black Swan Harmonic Pattern,EOD Analysis

FII’s bought 17.7 K contract of Index Future worth 915 cores ,11 K Long contract were added by FII’s and 6.6 K short contracts were covered by FII’s. Net Open Interest increased  by 4.3 K contract, so rise in market was used by FII’s to enter  long and  exit shorts in  Index futures. Why Most Traders … Read more