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Nifty - Bullish Harmonic Butterfly PRZ 11790-11825
Nifty 50 Index
Long
Nifty - Bullish Harmonic Butterfly PRZ 11790-11825
By WaveTalks
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Updated
Oct 14, 2020
4
4
11
11
Oct 14, 2020
Expect Upside Move Only above 11825 -
PRZ (Potential Reversal Zone) - 11790-11825
Target- 11955
More Short Positions will be created if Index drops below 11790
Oct 14, 2020
Trade active
Last - 11868
Partial Profit Zone - 11870-11880
11870-11880 is the important zone so it is most likely will respect the passage or zone every time it passes through
Partial Profits Should always be booked in the zone & plan your risk management so that you gain more from your trades.
Oct 14, 2020
Trade active
13:30 Hrs / 14th Oct2020
Last Price - 11835
Look at the fall from 11870-11880 - Zone as suggested & reminded above.
Again in the PRZ as suggested in the idea
Oct 14, 2020
Trade active
13:46 Hrs / 14th Oct2020
11825 -------Intraday has become most important support level.
Oct 14, 2020
Trade closed manually
14:06 Hrs / 14th Oct2020
Last Price- 11853
Traders should hold buy positions till the time Index holds above 11825 - Going below - downtrend will continue
Hope you enjoyed small moves 11825 -11870/11880 ( 2 times from the same bottom 11825)
Have a wonderful day ahead. Thanks
Bullish Butterfly
Harmonic Patterns
Trend Analysis
WaveTalks
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Best Regards,
Abhishek H. Singh
Growth Director - TradingView India
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