Can Butterfly Support ?
It could be too early to suggest whether Z-wave is completed or takes another complex form itself but yes butterfly can help to give some relief next few days
Long Term Analysis
We need move above X-factor@732 - Double Top which will suggest that correction is done & out & we will be looking for all greens in pharma sector.
Wish You All, A Happy Independence 2017.
There is limited Butterfly stock for Bharti Airtel which will end by this weekend. Sales can start thick and fast above 412 which is "Polarity reversal level".
It gets activated or triggered going above 412- the key level. Once activated your stops should be below 406.
Target - 416 - 420- 425
Stop Loss -Below...
In Hourly Chart:
4th Last Candle is Bull CANDLE.
3rd Last Candle is Long Legged Upper DOJI.
2nd Last Candle is Long Body Bear Candle.
Thus Pattern forms "EVENING DOJI STAR"
But in Last candle is "Long Legged Lower DOJI"
& Previous Formed Pattern NULL & VOID.
If Tomorrow 1st hourly candle is to be a Bull Candle, Having Body Less than 2nd Last Candle...
Buy Back can be an important element providing good pitch for the both the batsmen- Mr. Green Gartley & Mr. Yellow Butterfly - can they dial 380 -390-415 & 450 - as spectators will be keen to know their fate in the upcoming session.
Either moving above 370 if they are in hurry or we shall look for 358-362 Zone as the resting zone- if this zone holds...
Tata Motors - Last time I left at 464 & returning back again with bullish butterfly which is with volumes happening in 440-445 Zone. Some accumulation is going on in the pattern.
Moving above 452.50 gives us 1st clue & later moving above 455-456 zone can confirm even further that Tamo wants to move upside.
Volumes happening in the zone 440-445 hints...
2 Patterns found in Nifty monthly chart and both of them on bearish.
On Main Chart
- Pattern not yet filled on today (01/08/2017).
- I hope it will fill the pattern and the final level is 10500.
- Once if reach the level 10500, it leads to fall as per the pattern principle.
- Levels where mentioned on chart.
- The pattern is called Bearish Crab
As I always say have patience in trading & you shall get rewarded later. Bullish Butterfly in 355-357 zone likely it should hold between 355-357 or if it goes below 355 Then look for prices to hold above 350.
You need to see reversal happening above 350 levels - any move below 350 levels(stops below 350) -this pattern becomes invalid.
Target - 365 - 375
INVESTMENT Arena: PTC
Various PATTERN in Single Chart.
#1. Bearish BUTTERFLY, #2. Pattern "W", #3. AB = CD, #4. CUP-HANDLE.
INDICATORS & OSCILLATORS Signals UP-TREND.
Daily View With BUY ENTRY Levels & ST, MT & LT Targets will published LATER.
Check Time-Line Regularly or as you wish.
If this post enriched your knowledge & helpful for trading,
A bearish butterfly near completion on 15 mins chart. Trade levels as follows.
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
ETC EMERALD project is on its way and is a good sign to buy now.
What Problems do the Emerald Project Solve?
The first and most obvious problem solved by the Emerald Project is that there is currently no wallet for the Ethereum Classic community that verifies transactions for users in a trustless way.
Other problems that the Emerald Project aims to solve is...
It has been very long time since Nifty has treated Me with such potential harmonic opportunities, irrespective of whether this potential pattern completes or not, I love this trade setups. If it goes as planned here I will be having stops 50-70 points below the Entry zone based on the patterns. I wanted to write a lot about patterns but as market opened let me...
A Bearish butterfly is near to its D leg completion on 15 mins chart of DIshman Pharma.
Both RSI & MACD Histogram indicates bearish divergence.
For Entry, wait till D leg to complete & watch price action.
Trade levels highlighted on chart.
Trade with care