Hindalco has reversed from a Daily TF Bullish Butterfly PRZ which is also a Monthly TF Ichimoku support for it. If it sustains above 175 on closing basis then it can retrace till 190 approx where resistance is found in all Daily-Weekly-Monthly TF.
"VOLTAS - Bullish Bat - TF 240 PRZ 564-566 SL 557.1 T1 571 T2 578 CMP 594 Date: 08/14/2019 @sa.shameel"
Bullish Butterfly, but it is failing, as it is retracing from point B, not going towards D. Let's see.
One almost perfect Cypher pattern spotted in Nifty. The fibonacci levels mentioned can we monitored for trades.
1 NIFTY YESTERDAY CLOSED ABOVE IMP SUPPORT 10962 2 UNDER TODAY'S MARKET CONDITION THIS IS COMPLETELY CONTRA CALL. 3 YESTERDAY'S CLOSE IS IMP LEVEL. 4 THIS POST IS FOR STUDY ONLY.
Any signs of reversal from PRZ will confirm a Bullish Bat formation
Levels mentioned in the chart (Bearish Bat Pattern)