Bata update and EW analysis

Bata- we may see new high towards 1370/80 range. We were short earlier near 1300 level in my first idea of bata. Soon, we booked few points profit and closed the trade manually. The reason behind it - I was not satisfied with the completion of wave.We may again see new high where we would look to sell. There are many times we book only half of the target or few points or close the trade cost to cost. And yes, there are times sl is triggered and we book loss.

I post the chart and do not hide anything, I post it with labeling, channels, lines or whatever you see it in a chart, I post it as it is. Reason behind it is that traders who are interested to see the beauty of EW can understand and learn from charts, Many of the ellioticians label it but hide it while posting. When I say short/long at some level, we may see few points up or down, because there are times the wave/current leg gets extended or falls short (I post it quite earlier before completion of the wave).
While trading we wait for completion of the wave, count the internal waves, and then enter, so that we get better R:R. This is the reason I keep posting same chart again and again but it is not possible to update every chart every time.

Good Luck and happy trading.

Thank you.


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.