TF: 15 MInutes
Shared Sensex chart earlier today on this formation..
Price is getting rejected from the PRZ of the Harmonic Bat Pattern.
We could expect 50% pullback as per the set up, and the 50% retracement is placed at 25730
The PRZ also happens to be 1.618% fib extension from the lows, so, if one wants to consider it as a 3rd wave target..
Ideally, we could expect one more leg up to go past 26K after this correction (in EW terms), assuming, we have completed 3 and 4th in play (to end at 25700-25750 range)
Finally, the 25750 zone GAP needs to be filled sooner or later.. which, confluences with the Harmonic/EW targets.
lets see how the price unfolds in the coming sessions..
Disclaimer: I am not a SEBI registered Analyst and this is not a trading advise. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions. Please consider my views only to get a different perspective (FOR or AGAINST your views). Please don't trade FNO based on my views. If you like my analysis and learnt something from it, please give a BOOST. Feel free to express your thoughts and questions in the comments section.
Shared Sensex chart earlier today on this formation..
Price is getting rejected from the PRZ of the Harmonic Bat Pattern.
We could expect 50% pullback as per the set up, and the 50% retracement is placed at 25730
The PRZ also happens to be 1.618% fib extension from the lows, so, if one wants to consider it as a 3rd wave target..
Ideally, we could expect one more leg up to go past 26K after this correction (in EW terms), assuming, we have completed 3 and 4th in play (to end at 25700-25750 range)
Finally, the 25750 zone GAP needs to be filled sooner or later.. which, confluences with the Harmonic/EW targets.
lets see how the price unfolds in the coming sessions..
Disclaimer: I am not a SEBI registered Analyst and this is not a trading advise. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions. Please consider my views only to get a different perspective (FOR or AGAINST your views). Please don't trade FNO based on my views. If you like my analysis and learnt something from it, please give a BOOST. Feel free to express your thoughts and questions in the comments section.
Trade attivo
Price got rejected at the PRZ.. wait for the reversal signal to go LONG at 25700-750 zones.. (Dont trade against prevailing trend.. hence, dont short.. wait for reversal confirmation to go long)
I am not a SEBI Registered Analyst. Views are personal and for Education purpose only. Please consult your Financial Analyst before making investment decision
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Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
I am not a SEBI Registered Analyst. Views are personal and for Education purpose only. Please consult your Financial Analyst before making investment decision
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.