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raj3elite
Aug 1, 2017 5:55 AM

Will Nifty to touch 10500 and fall back to 9k series ? Short

NSE:NIFTY1M
Nifty 50 IndexNSE

Description

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2 Patterns found in Nifty monthly chart and both of them on bearish.
On Main Chart
- Pattern not yet filled on today (01/08/2017).
- I hope it will fill the pattern and the final level is 10500.
- Once if reach the level 10500, it leads to fall as per the pattern principle.
- Levels where mentioned on chart.
- The pattern is called Bearish Crab

Second pattern chart on comment
- Pattern got filled.
- It may start to fall from this level 10100.
- Levels are mentioned on chart
- The pattern is called Bearish Butterfly

Comment

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Comment

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Bearish butterfly

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If spot price crossed above 10145, then bearish butterfly pattern may get fail...

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Butterfly nicely falling downside... from 10124 to 9910

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butterfly flying near to target 1

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Made low - 9785

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Target 1 - 9750 Achieved.
Bearish Butterfly pattern

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Made low of 9685... 400+ points gain...
Harmonic PatternsCrabButterflyNIFTYnifty50niftyindia
Comments
Parasuram
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What are the targets? but is it gonna be one directional? will you have stops in place?
raj3elite
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@Parasuram, Target 1 9748 done and possible to touch 9400 but before may have some correction movement on upside..
WaveTalks
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hmmm
raj3elite
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@AbhishekHSinghCMT, ;-D
Parasuram
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but the alligator mouth is still wide open! :D
raj3elite
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@Parasuram, hahaha... yes sir.. my view, if nifty cross 10145 (spot) then may test the level 10500 (spot).
Parasuram
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@raj3elite, ok! My view a new high tomorrow / day after and a correction of 100-125 points for 2-3 days and then march towards 10500 plus
raj3elite
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@Parasuram, k sir... let see how market will find the way... ;-D
raj3elite
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@raj3elite, Which is failed in early..
Parasuram
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What is the trade?
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