BATAINDIA Near Perfect Bullish BUTTERFLY with Good 3R
BATAINDIA: @ 534.25 (at 12.43 on 20/06/2017)
Near Perfect Bullish BUTTERFLY with Good 3R (Risk Reward Ratio)
Bullish BUTTERFLY
B = 0.786 of XA, Here 0.779 CFF.
C = 0.382 - 0.886 of AB, Here 0.698 CFF.
D = 1.618-2.24 of BC, Here 1.66 CFF.
D = 1.272 of XA, Here 1.137 not Confirmed.
IF Point "D" = 526.5, THEN
D = 1.618-2.24 of BC, Should be 1.907 CFF.
D = 1.272 of XA, CFF.
* CFF => Criteria Fulfilled
LONG for Swing /Short Term TGT of 560+
For Swing Trade:
RES.: @ 536.3, @ 545, @ 546.7 - 548(HZ), @ 551,
SUP.: @ 530.9, @ 529.3 - 528(BZ), 525
More on the Chart.
SL @ 522 (By Closing)
SL @ 515.5 Intraday.
PS: If you like Ideas/Analysis, please Like/Share & keep motivated.
Disclaimer: Only For STUDY. For taking Trade Decision Consult Financial Advisor.
Near Perfect Bullish BUTTERFLY with Good 3R (Risk Reward Ratio)
Bullish BUTTERFLY
B = 0.786 of XA, Here 0.779 CFF.
C = 0.382 - 0.886 of AB, Here 0.698 CFF.
D = 1.618-2.24 of BC, Here 1.66 CFF.
D = 1.272 of XA, Here 1.137 not Confirmed.
IF Point "D" = 526.5, THEN
D = 1.618-2.24 of BC, Should be 1.907 CFF.
D = 1.272 of XA, CFF.
* CFF => Criteria Fulfilled
LONG for Swing /Short Term TGT of 560+
For Swing Trade:
RES.: @ 536.3, @ 545, @ 546.7 - 548(HZ), @ 551,
SUP.: @ 530.9, @ 529.3 - 528(BZ), 525
More on the Chart.
SL @ 522 (By Closing)
SL @ 515.5 Intraday.
PS: If you like Ideas/Analysis, please Like/Share & keep motivated.
Disclaimer: Only For STUDY. For taking Trade Decision Consult Financial Advisor.
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