1) Bearish Butterfly Pattern 2) RSI Divergence 3) TOP of the Channel
Nifty Long Up to 11250-11285 Then short up to target 11050
NSE: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 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.
Notes on the chart Regards
Notes on the chart. "Wish you all a very happy and prosperous new year" Just trade safe and stay healthy. Regards Bravetotrade
Its 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. ...
A 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. Don't forget to hit like and follow. Trade safe, be healthy. Regards Bravetotrade
all the trade aspects explained in the charts
Hi 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
Bearish butterfly pattern for Ceat
Potential 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.
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...