Bearish Reversal Butterfly Pattern has been drawn.
If the pattern is respected by Price chart, then we should expect to see a small bearish run followed by a big bullish run up till Rs 480 which is potential Reversal Zone.
So it is better to wait till reversal to Bullish is confirmed and then take entry. Otherwise, place Buy Stop Order at Support 3 Level to catch the trend in its initial stage at around 8th July, 2024.
Then it will run till 30 September, 2024.
If the pattern is respected by Price chart, then we should expect to see a small bearish run followed by a big bullish run up till Rs 480 which is potential Reversal Zone.
So it is better to wait till reversal to Bullish is confirmed and then take entry. Otherwise, place Buy Stop Order at Support 3 Level to catch the trend in its initial stage at around 8th July, 2024.
Then it will run till 30 September, 2024.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.