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, ju
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 yo
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 appr
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









