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Butterfly

HINDUSTAN PETROWait And Watch ?? Look for Low risk, High reward, and High Probability setups- Things to Remember while Trading with the Trend 1. Know what the trend is. 2. The best trades are made in the direction of the trend. 3. Assume that the main trendline or moving average will hold. 4. The longer the moving average is, the better it defines the trend. 5. Wait for the pullback. 6. Don’t chase the market. 7. Don’t fight the market. 8. Even in the strongest trends there should be some retracement. 9. The closer the market is to the trendline, the better the risk/reward ratio is. 10. Use ADX to determine the strength of the trend. 11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy 12. Hold trades longer in a strong trend. 13. Wait for confirmation of a trendline breaking before reversing position. 14. Know where the Support levels are. 15. Place stops outside the Support levels. Thank You..
NSE:HINDPETROLong
by Rvkachhadiya
butterfly in oberoirltyjust for educational purposes case study harmonic butter fly rules like B point should be 0.786 retracement of XA leg And C point should be 0.886 or 0.382 or in between if near values good and is retracement of AB leg and D 1.618 or 2.24 of BC and 1.27 of XA these are for butter fly for other patterns retracements will vary disclaimer- this is not any investment call or idea , this just my view and it can go wrong ,this is only for educational purposes trade at your own risk :)
NSE:OBEROIRLTY
by techno_funda_guy
3
harmonic in ntpc case studyjust for educational purposes case study not every W shape or M shape is an harmonic harmonic follows strict rules like B point should be 0.786 retracement of XA leg And C point should be 0.886 or 0.382 or in between if near values good and is retracement of AB leg and D 1.618 or 2.24 of BC and 1.27 of XA these are for butter fly for other patterns retracements will vary i started studying harmonics recently will take some time to master meanwhile looking for some examples if any please suggest me ,which are near exact retracements according to patterns disclaimer- this is not any investment call or idea , this just my view and it can go wrong ,this is only for educational purposes trade at your own risk :)
NSE:NTPC
by techno_funda_guy
Bajaj Finserv: Short Setup For Intraday TradersAfter making a high of 17480, Bajaj Finserv has started falling. Today, It has made a low of 14660 . In 15 min timeframe, we can see a bearish butterfly pattern, which indicates a bearish trading setup for intraday traders. Bajaj Finserv has completed its D point at 15250 . If the price sustains below 15250 , traders can expect the following targets: 15080 - 14902 - 14751. Invalidation: Breakout D point Thank You Money_Dictators
NSE:BAJAJFINSV
by Money_Dictators
13
Nifty 50 Tuesday Setup | Bearish setupNifty 50 price is near a very important support trendline and in the 2Hr time frame, we could see a XABCD bullish butterfly pattern. This XABCD pattern gives 3 targets once the price breaches 17650 and the support trendline. If the price trades below 17650 in the afternoon, we could see a fall. The RSI can be seen just below 50 and Choppiness Index near 61.8 could support rapid fall. The rise in VIX is seen today which means there could be larger moves yet to come. Until the market crosses 17780, it is difficult to see a big rally on the long side. Please refer to the chart for trigger levels and place for stop losses as per your risk appetite. This is not an investment idea. Happy trading. :)
NSE:NIFTYShort
by Sanjan91
ADANI POWER PRICE ACTION ANALYSISAdani power underwent a lot of correction recently but now took the support of a trendline. If the 113 level is crossed, then we might see the above targets. Here, the targets are forecasted by the XABCD bearish bat and butterfly patterns. This is a very risky trade considering the stop loss level being 20% below the buy level but highly rewarding if the trade goes right. So, to exit with less loss if the trade goes wrong, follow the trendline and exit when the price breaks this trendline and the immediate lower low. All the target and stop-loss levels are mentioned on the chart. Happy trading :) This is just for educational purposes.
NSE:ADANIPOWERLong
by Sanjan91
4