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Butterfly Pattern |
sureenderkalra White Belt
Joined: 11 Dec 2012 Posts: 174
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Post: #226 Posted: Wed Jul 16, 2014 7:57 pm Post subject: Re: nifty 30 min |
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amitagg wrote: | 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 |
Hi everybody,
Amit, it looks both nifty and banknifty are intended to form cup & handle when we see 15m fut charts of both the indexes. I too feel that nifty might touch above 8060 if nf kisses 7752 and reverses to form handle.
Morever banknifty fut has already placed a cup & handle pattern in 1 min chart today giving a clear signal what is it going to happen in higher time frame charts in coming days that's why i have used a word "intended" in the first line of my post.
Please keep posting |
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dynamite_munda11 Yellow Belt
Joined: 14 Nov 2010 Posts: 681
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Post: #227 Posted: Thu Jul 17, 2014 6:48 am Post subject: nifty 15 min |
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nifty 15 min |
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sureenderkalra White Belt
Joined: 11 Dec 2012 Posts: 174
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Post: #228 Posted: Thu Jul 17, 2014 9:12 am Post subject: Nifty fut 15 min with diffrent aspects |
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Hi DM,
I am just posting my two different aspects that nifty may move. Please share you views how much is it convincing? |
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dynamite_munda11 Yellow Belt
Joined: 14 Nov 2010 Posts: 681
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Post: #229 Posted: Fri Jul 18, 2014 6:42 am Post subject: nifty 5 min |
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nifty 5 min having a bearish shark pattern with 7564 as trgt
wave B retracements are 7661/7682/7695/7710/7718/7725/7730
the move from 7422 is corrective and probabiliy wave B in progress |
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