GRASIM - FUTGRASIM - Stock trying to broken 45 degree support trend line. 2320 is support and 2405 resistance. Expected PRZs are 2228, 2191, 2150.
Butterlfly
Titan chart studyTitan spot cmp 2665
Daily time frame
Harmonic + price action study
counter is heading towards supply zone as per previous swing high levels.
Counter have bearish butterfly pattern maturing in supply zone
Counter might face some selling pressure around this supply zone.
RSI have bearish divergence with respect to price.
Reversal in trend can be seen, bearish reversal confirmation is pending.
Time for bulls to be cautious till supply zone is not cleared on closing basis.
bajfinanceBajfinance future daily chart reading.
Triangle breakdown. 5710 is support.
If remain below 5710. Expected 3985.00
Bullish Butterfly pattern.
Balramchini (Balrampur chini)completed 5-0 and butterfly harmonic pattern
Buy this above 365 add more 356 closing stoploss below 345 target will 381-407-417++
BOLO JAI GAJANAND
BAJFINANCEExpected Bullish BUTTERFLY with symmetric Triangle
if remain below 6236.45(PDC). PRZ is 6059.80.
USDINR Bearish Extended Butterfly and Extended ABCD PatternUSDINR is in Overbought region, With confluence of two Harmonics Pattern we may have opportunity to Short sell near PRZ levels
Shorting Range - 78.3150 to 78.4286
Butterfly Retest Buy(Positional).....Good Structure observed in Butterfly
volumes picking up in uptrend and dry up in consolidation
Retest Buy at CMP(or above week high)
SL Below 460
Target 1150-1250
Market cap:- ₹ 1,245 Cr.
ROCE:- 21.9 %
ROE:- 17.4 %
Mcap FF (Cr.)--432.73
Please maintain SL closing basis as this is small cap stock
Risk 1-3% of your capital(so plan position sizing base on this)
My trading view ideas past accuracy (for traget-1 ) around 71%(Please maintain your SL)
BUTTERFLY GANDHIMATI BREAKOUThorizontal breakout in this stock. if anyone uses ichimoku cloud can see it has broken the cloud resistance i.e. SPAN A and is ready for long. volume built up looks decent. targets and stoploss is mentioned in the chart.
Butterfly Gandhimathi Appliances LimitedTriangle pattern in Butterfly Gandhimathi Appliances Limited
butter fly day viewits on triangle pattern and 3 days before long tail on sell side. and consolidating now. if triangle break up move take position.
KOTAK BANK good short candidateKotak bank spot CMP 1870
Bearish butterfly pattern formation.
PRZ zone in range 1870-1940
SLZ above 1970 levels
RSI divergence :- price making higher high where as RSI indicator is making lower higher, bearish divergence.. RSI is on verge to break down below 70 levels that is from overbought zone indicates profit booking in counter..
Good short candidate.
TATA CONSUMERIt has reversed from a Bearish Harmonic Alt Shark in hourly time frame and done a min 38% retracement. There is a possibility of a trend line breakout ONLY if it manages to break "above 328" for 360 where it has a Bearish Harmonic Butterfly. Failure to cross would see continuation of retracement till 50-62%
SUN PHARMA BEARISH BUTTERFLY HARMONIC PATTERNSUN PHARMA BEARISH BUTTERFLY HARMONIC PATTER.
If Sunpharma Touches 520, It will fall to 485 Range.
Infy bearish Butterfly @in_tradingviewInfy bearish Butterfly
Short near 796 800
SL 810
T 785 770 750
LARSEN & TURBO LONGNSE:LT
BULLISH PATTERN LT CMP 1467@ 13/7/19
PRZ 1428 TO 1423 SL 1390
T1 1463 T2 1490
CHART BY HARMONIC LEARNING AND EARNING
If Butterfly true. expect 420+ plusTAMO overall trend in 2017 was down. Nifty saw huge gains in 2017. I am not sure why the stock fell below 400 levels but with new TATA cars which have the heart of JLR designs, sales will definitely pick and they already have. I see a lot of new Hexa and other TATA cars. Also if you see the down channel , the stock is holding 360 levels so it is highly unlikely that it shall fall below 450 levels. You can draw a three drives pattern, which may look like it will drive the stock down further below 300 levels but i highly doubt that it is following this pattern.
2 reasons to long.- If this ends up in bullish butterfly it will break the year long done channel. and if it breaks a year long down channel then expect a huge upmove. see TechM chart you will see that it shop up 100 points after it broke the year long down channel.
See money control .you will notice bulk deals being executed. Feb contracts saw an increase in OI % with a decrease in price indicating a short positions being build up. Wait till expire for the shorts to cover. Above 370 we might see fresh buying.
I hope this helps.
