Bearish Butterfly In Wipro - 25th Sep 09

Wipro Intarday Chart - 5 Min:

Wipro formed a Bearish Butterfly pattern Yesterday and triggered reversal today morning, first target is already reached. There is still down side possible but due to high risk/reward not advisable to enter the trade now. Couldn't post due to time constraint. Posting it for the study purpose.

Bearish Harmonic Patterns in Sensex and Nifty - 24th Sep 09

Sensex Intraday Chart - 5 mins:

Sensex formed a bearish bat, reversal not yet triggered. Targets are marked on the chart.

Nifty Intraday Chart - 5 mins:

Nifty has formes a bearish butterfly pattern, reversal not yet triggered. Nifty formed a rounding pattern in intraday and reached its target, but this may give some support for bulls.

Nifty Intraday Technical Analysis for 28th Aug 09

Spot Nifty Intraday Chart - 5 Mins:

Nifty Futures opened gap up marginally and formed a Symmetric Triangle with declining volumes which I have posted in intraday. It gave a break down with volumes and reached the target immediately. From the target it formed the Butterfly Pattern with good symmetry and with minor deviation in Fibonacci ratio. Nifty zoomed up later to reach the targets of this pattern. Over all a very good day, both the targets reached giving a handful of profits.

Opening Update on Nifty - 27th Aug 09

Update at 12:54 PM:

Both the targets reached for this pattern.

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Spot Nifty Intarady Chart - 5 mins:

Spot Nifty formed a butterfly pattern, it reached the first target immediately. Did not trade this as I missed the opportunity initially. By the time I realised the pattern risk/ reward went high.