raj3elite
Short

Will Nifty to touch 10500 and fall back to 9k series ?

NSE:NIFTY   Nifty 50 Index
2 Patterns found in Nifty             monthly chart and both of them on bearish .
On Main Chart
- Pattern not yet filled on today (01/08/2017).
- I hope it will fill the pattern and the final level is 10500.
- Once if reach the level 10500, it leads to fall as per the pattern principle.
- Levels where mentioned on chart.
- The pattern is called Bearish Crab

Second pattern chart on comment
- Pattern got filled.
- It may start to fall from this level 10100.
- Levels are mentioned on chart
- The pattern is called Bearish Butterfly
Comment:
snapshot
Trade active
Comment: Bearish butterfly
Trade active: If spot price crossed above 10145, then bearish butterfly pattern may get fail...
Trade active: Butterfly nicely falling downside... from 10124 to 9910
Trade active: butterfly flying near to target 1
Trade active:
snapshot
Trade active: Made low - 9785
Trade active: Target 1 - 9750 Achieved.
Bearish Butterfly pattern
Trade active: Made low of 9685... 400+ points gain...
What are the targets? but is it gonna be one directional? will you have stops in place?
+1 Reply
raj3elite Parasuram
@Parasuram, Target 1 9748 done and possible to touch 9400 but before may have some correction movement on upside..
Reply
What your view for tom...
Reply
raj3elite chetanjain86
@chetanjain86,
snapshot
Trend is not bearish on EOD but may possible to touch 1 (mentioned on this chart) and if broken 1 then leads to 2.
Reply
raj3elite AbhishekHSinghCMT
Reply
but the alligator mouth is still wide open! :D
+1 Reply
raj3elite Parasuram
@Parasuram, hahaha... yes sir.. my view, if nifty cross 10145 (spot) then may test the level 10500 (spot).
Reply
Parasuram PRO raj3elite
@raj3elite, ok! My view a new high tomorrow / day after and a correction of 100-125 points for 2-3 days and then march towards 10500 plus
+1 Reply
raj3elite Parasuram
@Parasuram, k sir... let see how market will find the way... ;-D
Reply
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