RELIANCE broke out of triangle pattern as well as butterfly pattern above(2359) with good volumes.
Could be bought with stoploss of 2325 & targets of 2400/2420.
Note:- Reliance results tommorow.
PIDILITE made butterfly pattern on hourly charts with good volumes & trading comfortably above breakout point.
Could be bought with mentioned stoploss & target.
Crude reverses from near the harmonic reverse point as in the chart
It is to show the effect of harmonic chart
One can expect good Risk Reward
Message for details
Note: Information given here is for Study purpose
VEDL is on the process of Harmonic Extended pattern ( Butterfly Pattern)
B point is at the 0.786 retracement of XA and D point forms at the 1.27 to 1.61 projection of XA.
As per this chart the target levels should be 193 and 229
