Axis Bank - Harmonic Pattern.Moved Above 21 EMA.
200 EMA Act As Support.
Can Be Accumulate Till 609.
Potential Butterfly In Process.
Other Details Mentioned In Chart.
Positional View For Educational Purpose Only.
Please Consult Your Financial Advisor Before Taking Any Decision.
I am not SEBI Registered Financial Advisor.
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.
EUR/USD Technical analysisAtlast! It has happened. The pair has broken out from its tight range as per our analysis.
A retest of the broken range is expected and the pair is also forming a bullish butterfly pattern.
Hence we advise the traders to wait for a pullback and then make a short trade and not to initiate a long trade.
CADILA HEALTHCARE: Invest for DECENT AppriciationPrice Volume BREAKOUT. Last VOL: 3.529M, Avg. VOL: 1.53M => Volume > 2.3X, LTP (@ 347.95): +1.3%
(Though NEEDs Confirmation.)
Best LONG: @ 344.70 - 339.50
More Accumulation: @ 336.20 - 332.80
Intraday TGTs: @ 352.80 - 355.35 - 357.20 - 362 - 366.20+
WEEKLY (Positional): @ 366.70 - 373.70 - 381.4 - 388 - 395.50+
Bullish BUTTERFLY in Progress.
PRZ (Potential Reversal Zone): @ 322.55
Rest Plotted & mentioned on Chart.
Education Purpose Only.
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SBIN - Butterfly in Stomach- Feeling Nervous@278I knocked your door several times@259 - If you missed me - you missed me! - Let me become history because I was mystery
28th May 2018 Update - I knocked your door@259 - you miss me I shall come back again
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29th May 2018 - Interim Update - Above 275
Trade active: 08:57 Hrs 29th May 2018
Last Price@272
Good Morning!
No buy trades in later part if 259 fails to provide support - Above 275 higher resistance zone could be 278-280
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Turning exactly from 278-280 as expected on 29th May 2018 & when it came in the zone of 278-280 - SBI started having butterfly in the stomach - started feeling nervous & SAD ( Social Anxiety Disorder) as should I be a part of the event which could unfold in next few days. So, what are the events which could make me nervous. I am not aware -if you are aware -do let me know in the comments!
Bearish Engulfing Candlestick pattern (Bearish Pattern) on 4H chart between 278-280 can be initial clue for upcoming sad events.
Bearish Butterfly Harmonic Pattern has D point extension to 127% & can extend to 141 - 161.8% - In our case it is 141.8% another bearish clue which falls in 278 -280 zone
Trading Strategy
Plan 1
If you get a bounce in 275 -277 zone -it holds & starts falling below 275 look to sell keep stops above 277 - Targets 259 - 238 -232
Plan 2
Facing tough time to cross 274-275 zone -Look to sell for targets 259 - 238 -232
Note - No selling if it moves above 280 & holds above 280 - Pattern will be invalidated.
SHORT AUDJPY BUTTERFLY PATTERNHi, Guys This is deva I looking for new strategy Gartley pattern don't try it's not a confirmation pattern keep watch...
AUDJPY -0.18% Gartley Butterfly pattern keep watch
If move down SL: 50PIPS
TP: 81.730
Disclaimer:
The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable for your own financial situation.
I am not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
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Quick gains off Nifty Infra Bullish cypher with bullish divergence, a sweet spot for a blast..
Also the D point is cushioned in ichimoku kumo clouds and presently at pivot..
The uptrend's resistance is expected to be at the outerline of the pitchfork and 0.618CD of the cypher pattern, which coincides..
But i expect there will be a bit of correction i the lines of 10 to 15 percent after this, as i think the failure of the bearish butterfly was due to the formation of a Extreme bullish Harmonic Impulse...(which have been marked in softer slate grey lines)
Disclaimer..this is not an investing/trading recommendation
TATA POWER RELOADED..C point of butterfly validity check...
1. current C point is on a 20months trendline (0.5AB)
2. if breaks the next stop is on the median line of the pitchfork (0.618AB)
CD up leg validity check..
1.Bullish reverse divergence on RSI
2. probable cypher in formation
Potential reversal zone limit estimated at 1.27XA of the butterfly...
reversal pathway estimated in supports of 0.382AX and 0.618AX of the butterfly in conjunction with the pitchfork levels..
Disclaimer .... invested.. this is not a trading/ investing recommendation.. do your own analysis...