APOLLO HOSPITALS SHORTNSE:APOLLOHOSP
Only for education and information purpose. Should not be taken as a trading call
IT LOOKS LIKE A SHORT CAN BE TAKEN AT D POINT LETS C HOW IT WORKS
CHART BY HARMONIC LEARNING AND EARNING
Bearish Butterfly
Butterfly Pattern in makingBearish Butterfly pattern is in making on SBIN daily Chart. Leg XA, AB, BC are completed and CD is under formation. it may go upto 317 to 340 level , before the downward movement.
Declaimer : This analysis is for education purpose only. If you want to trade for CD leg or DE leg, consult your financial adviser.
Bearish Butterfly in a Bearish FlagNotes on the chart.
"Wish you all a very happy and prosperous new year"
Just trade safe and stay healthy.
Regards
Bravetotrade
Nifty: Potential For The Rising ButterflyIts been a while since I wrote on the Index. In my last post I marked 10094-10013 as the key area.
Market tested that key area and bounced sharply. Although the Bat pattern could not complete as per expectations, market reacted near 1:1 level (10013) shown in the above post and the cautious approach on bearish side worked quite well in protecting us.
Current Scenario: Suppose the current move takes the market above 10330 level or above the red downtrend line. I that case, I would expect the market to retest previous highs (10490). If that happens, I would look for a Bearish butterfly pattern which completes near those highs @ 10510. So I would look for a double top scenario in this case ( Caution: the failed butterfly pattern may quickly take us to 10620-10650).
As the 25 days cycle (+/- few days) is approaching (see following post) I am excited to see the reaction near 20th December. Therefore, If market make a double top near that date I will be careful b'coz a sharp move might follow.
Bearish Scenario: Although we are in a bull market we might consolidate a bit more. What if market could not breach 10330 but breaks 10141 on the downside, I would expect 9950 level (right at the red uptrend line) and then look for a bounce.
Trade safe, stay healthy.
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Regards
Bravetotrade
THE BEARISH BUTTERFLY: FLUTTERING NEAR RESISTANCEA bearish pattern in the formation..Also pattern PRZ confluence with the resistance trendline. Bearish reversal pattern in the zone triggers short.
See the chart for detailed view.
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Trade safe, be healthy.
Regards
Bravetotrade
Bearish Butterfly, 15 mins ACC @ 1626.5Hi
A bearish butterfly near completion on 15 mins chart. Trade levels as follows.
BEARISH BUTTERFLY
PRZ Completion : 1626.5
TP 1 : 1601.7 ( 38.2%)
TP 2 : 1586 (61.8%)
STOP : 1636
Watch price action for entry. we have bigger pattern on development on hourly chart, will be posting.
Trade with care
Gulz
Potential Bearish Butterfly - ACC LTDPotential Bearish Butterfly pattern forming on ACC LTD.
SHORT ENTRY ZONE: 1656-1666
TARGET: 1623
Keep the strict stop loss as per your appetite.
PS: I would never recommend to trade CD.
Nifty : Will Butterfly Fly away ??Hi Guys... its been a while right ? yeah..long weekends n other commitments to fulfill with Nifty ranging in flag, there is nothing interesting for the last two trading days. Not anymore... Probably Nifty will decide its path in a day or two, Doji's indicate 2 things - Indecision & A Decision soon. So its time for Nifty to decide the direction, we have Bearish Butterfly n flag ranging. If Bearish Butterfly wins, flag breaks-down to south which is considered as failure of Bullish Flags. If Flag breaks out upside, Butterfly is unfortunate.
Decide based on your trading plan which side you are gonna take n when...Never trade in speculation or Hurry, Follow proper plan...
