#Educational 01: Chart pattern spotting Head & shoulder

Hi,

After some request planned to share few TA related stuffs which could help ppl to trade successful. As the famous quote in Trading community "give a man a fish and you feed him for a day, teach a man catch fish and you feed him forever" so what i m doing is teach you fishing. sometime you will catch big fish, sometimes small fish, sometimes no fish, and sometimes your fishing equipment might itself get damaged. But remember everything is part of Trading. you must accept the risk involved and do the right stuffs.. doing right stuffs doesn't mean guaranteed profits. sometimes even after doing right stuffs we need to accept loss as what we do is business and not gambling. So trade wise.

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ADANIPORTS in Harmonic Reversal zone

Adaniports after the fall is now in the PRZ of BAT pattern. can be longed at current levels r at dips

Entry             288
SL             280.4
Target 1     294
Target 2      309
Reward min         6
Reward max 21
risk             7.6
ROR1   0.8
ROR2       2.8

Current level ROR is less than 1 so ROR players can wait for dips.

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APOLLO TYRE can it move up EWA

Completing W4/alternate count W4.W with internal structure ZZ. Apollo trye can have immediate trend up for a X wave r W5. immediate short term target can be 203 which is the TL resistance.

Long term targets if its W.V is 223/244/256/278/297
if W.4.X then 207/212/217

Entry 193
SL 188
Target 1 203
Target 2 TSL
risk 5
ROR 1 2

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EWA LUPIN ANALYSIS

Lupin after falling from highs is expected to complete ZZ correction with

WC =0.618WA near

Now the possibilities of lupin are
1. create complex correction with W as ZZ
2. Create Double ZZ
3. Create change in cycle.

now one minor cycle 1-2/1-b is expected to be completed in lupin.

cmp 1495
SL    1440
Target 1      1570
Target 2      1636
Reward min         75
Reward max 141
risk                  55
ROR1                 1.4
ROR2                 2.6

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NIFTY EW WAVE COUNTS

 Nifty after a strong impulse from 6824 didnt get a strong impulse move up. and started moving in different channels at different wave time.
the wave counts posted are just a possibility and should be traded with caution. its invalidated if the high is broken 8964.
if the high holds strong then trend change is here in nifty.

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ICICIBANK Trendline reversal with Evening star

ICICIBANK which was moving inside the channel in Daily chart. Tried for the breakout of the trendline and failed with a Powerful evening star reversal.

Entry 278
SL 292
Target 1 269
Target 2 258
Reward min   9
Reward max 20
risk         14
ROR1 0.6
ROR2        1.4

Though current entry is not rewarding can be shorted on a pullback if your a risk reward lover.

Disclaimer: All the views shared are for educational purpose and my self improvement purpose from other senior traders. if you find any scrip interesting plz do your own analysis or consult SEBI registered financial advisors before taking trading decision. 

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TATA ELXSI Trendline Trading Stragy

Tata Elxsi in down trend seeing a bounce from the weekly trendline support with a Morning star pattern reversal.
Should try to test the monthly trendline and if broken can test the weekly trendline too.

Entry 1305
SL      1222
Target 1 1441
Target 2 1490
Reward 1 136
Reward 2 185
Risk 83
ROR min 1.6
ROR Max 2.2

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