Butterfly
# Motherson Sumi Systems Limited 1D NSE (Short)1) Bearish Butterfly Pattern ( Harmonic Pattern )
2) RSI bearish divergence
3) Stock reverse from Channel TOP
4) Stock closed below 20 EMA
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5) 1st Target 120-118
6) 2nd Target 96 to 94
7) 3rd Target 60 to 58
8) SL - Above swing high
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Note : This study for educational purpose only.
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Twitter - @bagade_arvind
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Exide Industries - Double Bottom.Bounced From Double Bottom/Demand Zone.
Crossover EMA With Volume.
RSI Divergence.
Close Above 199, Harmonic Pattern Butterfly In Action.
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.
DEEPAK FERTILISERS (DAILY) LONG1) Bullish Butterfly Pattern (Harmonic Pattern)
2) Prepairing Higher High Pattern
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3) Stock trading above 20 EMA
4) RSI - Bullish / Positive Divergence on Daily Chart
5) Vortex - Positive on Daily chart
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6) 1st Target - 115-120
7) 2nd Target - 155-160
8) 3rd Target - 205-210