Nifty future correction pending stillNifty future correction pending still
can reverse from 16800-850 levels for 15000-050 levels
Disclaimer : only for educational and learning purpose
Bearish Butterfly
fall coming ?as per bearish butterfly harmonic formation
are we heading for a fall in this scripts
keeping fibo levels for target and stop
lets c what happens
disclaimer - for study purpose only
Bank Nifty - Bearish Butterfly at 39505 Highs Let us recollect the most important psychological level of 39500 as discussed could be the most critical level at present. A bearish butterfly harmonic structure completes in the required PRZ & reasons for fall discussed below & shown on the price chart.
Possible Reasons for Fall
Bearish Butterfly Harmonic Structure
Evening Star Candlestick Formation
Psychological level 39500
Bearish Divergence ( RSI)
Stop Loss
Above 39505
Targets Downside
Target 1 - 39120
Target 2 - 38740
Target 3 - 37691
Target 4 - Will unfold once wave develops
Thank You
Bajaj Finserv: Short Setup For Intraday TradersAfter making a high of 17480, Bajaj Finserv has started falling.
Today, It has made a low of 14660 .
In 15 min timeframe, we can see a bearish butterfly pattern, which indicates a bearish trading setup for intraday traders.
Bajaj Finserv has completed its D point at 15250 . If the price sustains below 15250 , traders can expect the following targets: 15080 - 14902 - 14751.
Invalidation: Breakout D point
Thank You
Money_Dictators
Bearish Butterfly - Potential Short TradeThis is the first time I am trying Harmonic Patterns, and since we are betting against a very bullish market, I have by doubts.
However, the price fell from a well tested Resistance Trend Line, and the RSI is also slowly falling down from the Overbought region. I have kept a close stop loss just above the recent high. Fingers Crossed.
APOLLO HOSPITALS - Bearish ButterflyTarget 1 of Bearish Butterfly is already achieved. Now it has broken down the Rising Wedge so Target 2 and 3 are very likely.
risky sale tradesale keeping
15320 as stop
looking for target 13980-50
disclaimer - trade @ own risk
Harmonic Pattern in Bank Nifty! Bearish Harmonic Pattern in Bank Nifty!
Possible Reversal near 37,000.
Time Frame : Weekly.
BTCUSD- Harmonic PRZ 46000-50000• Two Harmonic Patterns Overlap - Bearish Butterfly & Bearish Deep Crab
• Buy Above 50000
• Sell Below 45000 & Be on cautious mode below 46000
• Range Bound Move in 46000 – 50000
Bank nifty spot good short candidateBank Nifty spot cmp 30460
Harmonic Study
Bearish butterfly pattern formation
PRR zone :- 30460 to 30560
SLZ zone :- 30610 once sustain for 15 mins above this levels
Targets levels :- 29880 and 29640 levels can be seen.
RSI :- Price making higher high where as RSI is making lower high, bearish divergence.
Good short candidate in PRZ range.
NIFTY METAL INDEX GOOD SHORT CANDIDATENifty Metal index CMP :- 3200 levels.
Harmonic pattern :- Bearish butterfly pattern formation.
PRZ zone in range :- 3200-3300 levels
1.27XA = 3313,, Equivalent AB =CD matures at 3210, 2.24 BC extension around 3180 levels.
Bearish AB = CD pattern formation matures around 3210 levels..
Elliot Wave study :- Whole structure formation is in Expanding rising wedge pattern, at the moment index is trading around the resistance line of wedge pattern.
Wave 1 : First impulse wave gave 26% move from the low point
Wave 2 :- have retraced around 0.618% of wave 1
Wave 3 have extended around 2.618% of wave 1,,in % terms,, gave 60% move from low of wave 2
Wave 4 have retraced around 0.50% of wave 3
wave 5 have extended around 2% of wave 1,, in % terms,, gave 52% up move from low of wave 4.
As per harmonic index is trading in PRZ zone,, as per elliot wave impulse phase is on verge to mature,, as per wedge chart pattern index is trading around resistance line of expanding rising wedge pattern, spinning top and doji candle formation seen in last two trading sessions on daily time frame, all indicates good reversal in trend can be seen from this levels.
A possibile Sharp Fall!! - Bearish Butterfly & Broadening WedgeExpecting TVC:USOIL to go for a sharp correction.
Harmonics 4-point & 5-point pattern helped identify a Potential Trend Reversal Zone, where bullish movement may end & trend may reverse.
Got a terminal candle confirmation in the PRZ.
Also, in a broader view prices formed a Broadening Wedge Pattern (a-b-c-d-e wave structure) which might possibly be a B-wave in an A-B-C Correction Wave pattern.
TATA CHEMICALSIt has entered into the PRZ of a Bearish Harmonic Butterfly suggesting a pullback/reversal in daily time frame till 340/335. View would negate above 370
Harmonic Butterfly Patterns usually indicate pullbacks of the larger trend (in this case the same being up) not major reversals. Such patterns are usually associated with breakout patterns and respective pullbacks.
MARUTI | Bearish Harmonic Pattern |SWING trading opportunity
target = 6805
CMP = 7112
Stoploss= 7296 ( one can even modify it )
lot size = 100
check out my related idea on granules on harmonic pattern it achieved the target
FOLLOW for more !
LIKE if works !
COMMENT your view !
Nifty - Selling at 10K Repeats!Disclaimer
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All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
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Trading Strategy
Plan A -
Only Above 10000 or 10K - look for upside target 10170-10200 else Plan B is our favourite short term strategy
Plan B -
Continue your sell taken close to 10000 for 9800 / Below 9800 for 9700 / Below 9700 for 950-9600- Break of Yellow Channel Downside - It may drop to 9400 & lower targets as discussed.
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Last Nifty Idea -
Roller Coaster Ride 9700 -Done & Out
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Last Idea for Stock - ITC
Selling The Tops at 203
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Last Idea on Global Index - SP500
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To check older ideas use profile page & search box available on the profile page
in.tradingview.com
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Thanks for watching this idea & your precious time. Have a wonderful week ahead
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# Motherson Sumi Systems Limited 1D NSE (Short)1) Bearish Butterfly Pattern ( Harmonic Pattern )
2) RSI bearish divergence
3) Stock reverse from Channel TOP
4) Stock closed below 20 EMA
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5) 1st Target 120-118
6) 2nd Target 96 to 94
7) 3rd Target 60 to 58
8) SL - Above swing high
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Note : This study for educational purpose only.
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Twitter - @bagade_arvind
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BIOCON-Bearish-Butterfly 03-Sep-19BIOCON - Bearish Butterfly - TF 4 Hrs
PRZ 242-244 SL 247 T1 237 T2 233-230
CMP 235.55 Date: 09/03/2019
