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WaveTalks
Oct 14, 2020 6:17 AM

Nifty - Bullish Harmonic Butterfly PRZ 11790-11825 Long

NSE:NIFTY15
Nifty 50 IndexNSE

Description

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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

Trade active

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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.

Trade active

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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

Trade active

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13:46 Hrs / 14th Oct2020

11825 -------Intraday has become most important support level.

Trade closed manually

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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
Harmonic PatternsTrend AnalysisBullish Butterfly
Comments
ravaye27
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BETWEEN 11763-791 THR IS A GAP....CRUCIAL PIVOT AT 11794....MAY BE THR COULD BE ONE LAST SMALL DOWN MOVE TILL 11794 BEFORE THE PULLBACK ...LETS SEE....
WaveTalks
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@ravaye27, Going close to 11790 - Your risk would have become almost zero for buying. Getting such trades - one has to be extremely fortunate as we run the risk of breaking 11790 -which cannot be denied.
Bnagesh56
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awesome sir
ssindhu65
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Very nice analysis sir
AMGO_Markets
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great analysis
jagannathan.srinivasan1
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SUPER OBSERVATION.HATSOFF TO YOU SIR
Shivam93
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Thanks SIr
rajesh51975
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Sir Great Work
Mad-ForEx
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please share Bharti Airtel analysis, Thank you!
reddragon0075
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Got rejected at 11870-11880. Seems hard to cross now... is Gap Up the only way to cross it as of now..... Is PRZ still active now?
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