Butterfly

Nifty : Why I Love You & Harmonics !It has been very long time since Nifty has treated Me with such potential harmonic opportunities, irrespective of whether this potential pattern completes or not, I love this trade setups. If it goes as planned here I will be having stops 50-70 points below the Entry zone based on the patterns. I wanted to write a lot about patterns but as market opened let me post first :) Will add content later... Our Discussion continues : We have two harmonic patterns above one being internal butterfly, just waiting to fly off, next being Gartley ( didn;t check ratio's though ). Anyway both are converging around the same area, I expected that area to be tested yesterday, if you have noticed in last post I have mentioned 9600's zone as sweet spot for entry along with 9650's , so we are well in our sweet zone for another 200 points towards 9850's with partial booking of profits in between with stoploss of 50-70 points from entry zone. If Harmonics aren't part of your plan, I would strongly suggest you to apply your trade setup over it and find out whether it says upside :)

Bullish Butterfly on Lupin Weekly Chart Hey, Here is a bullish butterfly developing on weekly chart of Lupin. Trade levels are mentioned chart - feel free to check it Trade with care Gulz.

Bullish Butterfly on Tata Steel Hourly Chart Hi 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.

Bearish Butterfly - Ceat Ltd.Bearish butterfly pattern for Ceat

TORNTPHARMA H1 Butterfly ready to fly Unable 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. If your interested in following my analysis don't forget to click the follow button and don't forget to say thanks if you find the post useful. happy trading.

Butterfly pattern formation on Asianpaints - LONG Butterfly 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 Ltd Bullish Butterfly is forming on Emami. Potential Long Entry @ 1128 Target @ 1173 SL @ 1105

Potential Bearish Butterfly - ACC LTD Potential 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...