| View previous topic :: View next topic |
| Author |
Butterfly Pattern |
kishjk7551
White Belt
Joined: 26 Jan 2008
Posts: 293
|
Post: #211  Posted: Mon Jun 16, 2014 11:51 pm Post subject: Re: Nity Fut - 1HR CHART WITH BUTTERFLY |
 |
|
| surkalra wrote: | | amitagg wrote: | | sureenderkalra wrote: | | amitagg wrote: | | amitagg wrote: | | sureenderkalra wrote: | | saumya12 wrote: | Hi
Thanks for posting various Harm. Patterns.
Do you find any such pattern under formation for NIFTY |
Yes, Nity Fut - 1HR CHART too is with butterfly pattern. Nifty has confirmed this pattern yesterday having moved up above its 'B' Pivot point while banknifty -1hr chart has to confirm the same.
Nifty's potential reversal zone is between 7746 and 7905.
Chart is attached |
I would reiterate that 7670-7703 should be cleared....if yes....target likely in this move is 7870/7905/7930 and not 7750.... Bulls can his play for 60-70 point gain till 7670 and exit and renter only above 7705 nitty spot.....above can be trading strategy in light of butterfly target of 7905... |
as happened.... |
you were right amit NF reversed from 7714.95 without hitting my potential reversal point i.e. 7746 since NF-1hr chart is holding head & shoulder pattern with a target of 7500 and I was also thinking that NF would at least touch 7513 when it started its reversal.
In my opinion, nf has given us its high for a month and it might reverse again after touching either 7513 that is convergent to B pivot point or 61.8 of CD @ 7411. It will reverse but not to make a new high in this month.
What's your view? |
Yes also consider NF level of 7523 ( mirroring spot demand level from where NS reversed to close above) for closer profit booking since most are expecting 7497 etc. No rampant shorting required since bull market retraces shall be sharp and advised to enter early. So 7593/7603 is better shorting level....,,,
No need to project way down targets for trading / investment.
We have plethora of systems in icharts which give a buy or sell signal anyhow.
Just go ahead and buy for investment at weekly or monthly demand zones or lower prices......
7360/7435 shall be watched by me. |
As expected, Nifty Fut reversed little a bit after touching 6513, its major support level.
We will see tussle between bulls and bears tomorrow but Nifty Fut will be able to hit 6610 - 20 and reverse for 50-60 points.
Yesterday I made a statement that nifty has made a high for this month. But some points still indicate that nifty fut might move either way. So I take my words back for the time being. I will come later in this regard. |
Sir still not used to 7000 levels .... by the time we get used to 7000 levels i think we will be in 8000 series  |
|
| Back to top |
|
 |
|
|
|
dynamite_munda11
Yellow Belt
Joined: 14 Nov 2010
Posts: 681
|
| Post: #212 Posted: Thu Jun 19, 2014 8:58 am Post subject: sbin daily |
|
|
| sbin daily |
|
| Back to top |
|
|
dynamite_munda11
Yellow Belt
Joined: 14 Nov 2010
Posts: 681
|
| Post: #213 Posted: Sat Jun 21, 2014 11:32 am Post subject: reliance 60 min |
|
|
| reliance 60 min |
|
| Back to top |
|
|
dynamite_munda11
Yellow Belt
Joined: 14 Nov 2010
Posts: 681
|
| Post: #214 Posted: Wed Jun 25, 2014 7:05 pm Post subject: sbin 15 min |
|
|
sbin 15 min
AB=CD at 2704 from the lvls 2546 |
|
| Back to top |
|
|
hardik0007
White Belt
Joined: 16 Mar 2011
Posts: 53
|
| Post: #215 Posted: Sun Jun 29, 2014 5:28 pm Post subject: Reliance Daily |
|
|
| Perfect Butterfly |
|
| Back to top |
|
|
dynamite_munda11
Yellow Belt
Joined: 14 Nov 2010
Posts: 681
|
| Post: #216 Posted: Thu Jul 03, 2014 7:33 am Post subject: bajaj auto weekly |
|
|
on one of member request
bajaj auto has a bearish butterfly pattern and nearing complition trgts are 2371 and above this lvl has the potential to trgt 2443 with 2385/2402/2410/2434/2443 as resistance lvls |
|
| Back to top |
|
|
dynamite_munda11
Yellow Belt
Joined: 14 Nov 2010
Posts: 681
|
| Post: #217 Posted: Sun Jul 06, 2014 9:18 am Post subject: nifty 15 min |
|
|
nifty 15 min
bearish butterfly pattern nearing complition with trgts 7761/7780/7790/7800 |
|
| Back to top |
|
|
saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
|
| Post: #218 Posted: Sun Jul 06, 2014 10:35 am Post subject: Re: nifty 15 min |
|
|
| dynamite_munda11 wrote: | nifty 15 min
bearish butterfly pattern nearing complition with trgts 7761/7780/7790/7800 |
Hi
Nice chart, DM
But as you are aware that the leg D can extend further.
So, how much do you think it can further extend, or maximum it can extend.
Thanks |
|
| Back to top |
|
|
hardik0007
White Belt
Joined: 16 Mar 2011
Posts: 53
|
| Post: #219 Posted: Sun Jul 06, 2014 11:41 am Post subject: |
|
|
Dynamite
nice finding.....
bc extension already breached 7730
now lets wait for xa extension 7800 |
|
| Back to top |
|
|
dynamite_munda11
Yellow Belt
Joined: 14 Nov 2010
Posts: 681
|
| Post: #220 Posted: Sat Jul 12, 2014 10:55 am Post subject: nifty 30 min |
|
|
| nifty 30 minshark pattern would get completed at 7416 and a rise upto 7613 to form a 5-0 pattern, nifty daily has a large shark pattern with lower down trgts |
|
| Back to top |
|
|
dynamite_munda11
Yellow Belt
Joined: 14 Nov 2010
Posts: 681
|
| Post: #221 Posted: Sat Jul 12, 2014 5:27 pm Post subject: bank nifty daily |
|
|
| bank nifty daily chart dated 09/07/2014 |
|
| Back to top |
|
|
apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
|
| Post: #222 Posted: Sat Jul 12, 2014 5:50 pm Post subject: Re: nifty 30 min |
|
|
| dynamite_munda11 wrote: | | nifty 30 minshark pattern would get completed at 7416 and a rise upto 7613 to form a 5-0 pattern, nifty daily has a large shark pattern with lower down trgts |
what are the normal extended levels in this pattern that it can go to below 7416 before bouncing to your trgt level 7613 |
|
| Back to top |
|
|
dynamite_munda11
Yellow Belt
Joined: 14 Nov 2010
Posts: 681
|
| Post: #223 Posted: Sat Jul 12, 2014 6:47 pm Post subject: Re: nifty 30 min |
|
|
| apka wrote: | | dynamite_munda11 wrote: | | nifty 30 minshark pattern would get completed at 7416 and a rise upto 7613 to form a 5-0 pattern, nifty daily has a large shark pattern with lower down trgts |
what are the normal extended levels in this pattern that it can go to below 7416 before bouncing to your trgt level 7613 |
Dear Apka JI
7416 is the max limit this pattern can attain and its 2.618% of BC. more over another AB=CD pattern from 7808-7479=329 and 7731-329=7402 gets completed at 7402 and alternate AB=CD at 7386/7376/7359. |
|
| Back to top |
|
|
apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
|
| Post: #224 Posted: Wed Jul 16, 2014 11:25 am Post subject: Re: nifty 30 min |
|
|
| dynamite_munda11 wrote: | | nifty 30 minshark pattern would get completed at 7416 and a rise upto 7613 to form a 5-0 pattern, nifty daily has a large shark pattern with lower down trgts |
7422 came... i suppose its still active and heading for 7613 as per your patterm |
|
| Back to top |
|
|
amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
|
| Post: #225 Posted: Wed Jul 16, 2014 6:24 pm Post subject: Re: nifty 30 min |
|
|
| apka wrote: | | dynamite_munda11 wrote: | | nifty 30 minshark pattern would get completed at 7416 and a rise upto 7613 to form a 5-0 pattern, nifty daily has a large shark pattern with lower down trgts |
7422 came... i suppose its still active and heading for 7613 as per your patterm |
Excellent stuff..... Predicting " direction " of move is something very different from just giving predictions ans levels .... Which can be interpreted both ways though useful for trade surely....
And that too both up and down -2 sided move.....
I could not understand why from 7613( 7626 now) is a down wave suggested below 7422.....instead of upward move above 7800.... Just need to understand TA behind this wave projection down......
Is down wave still projected (market can touch 7680 etc rep 66 percent retrace) ... down move from 7680 levels or a breakout beyond 7730..... For me breakout can be only above 7730.
Pls give comments on wave move projected from 7613 |
|
| Back to top |
|
|
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
