Bullish Butterfly on Tata Steel Hourly ChartHi Friends,
Here is a bullish butterfly near to its D leg completion.
Trade levels are mentioned on chart – feel free to check it.
Note : RSI entered to oversold territory.
Trade with care,
Gulz.
Butterfly
TORNTPHARMA H1 Butterfly ready to flyUnable to crosss the previous supply zone in daily TORNTPHARMA looks like will be going for a dip here.
Trade Plan:
Aggressive: if 1436 breaks first
Entry1: Short half the size at 1436
Entry2: Short the rest at 1461.
Conservative:
Entry: wait and short full near 1461
STOP LOSS:
For both methods SL is above 1482.
Target: 1400 and TSL
Disclaimer: All the views shared are for educational purpose and my self improvement purpose from other senior traders. if you find any scrip interesting plz do your own analysis or consult SEBI registered financial advisors before taking trading decision.
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Butterfly pattern formation on Asianpaints - LONGButterfly pattern formation on Asianpaints on 1 hr chart and 860 showing good support.
Trade:
Buy above - 871
Target 1 - 877
Target 2 - 884
Stop Loss - 861
Reward Points - 13
Risk Points - 10
Educational 11: Elliott Waves + Butterfly Pattern Confluence In the above chart, I have showcased a confluence or relationship between Elliott Waves and Harmonic Patterns. Where I have mentioned and pointed out time where they confluence and provide us a successful trading opportunities. Such confluence is simple to understand and provide a great reward over risk by initiating in them.
I have attested below edcuational chart of Butterfly Pattern and also a confluence between Elliott Waves and Head n Shoulder pattern for further reference.
I would appreciate your comments, charts and opinion on the same.
Regards,
Neetesh Jain
Potential Bullish Butterfly on Emami LtdBullish Butterfly is forming on Emami.
Potential Long Entry @ 1128
Target @ 1173
SL @ 1105
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...
