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Trade-Technique

BEL, The Bearish Bat Pattern with Reversal 111 nearby.

Short
BHARAT ELECTRONICS (NSE:BEL)  
Trade-Technique  
NSE:BEL   BHARAT ELECTRONICS
Harmonic Patterns AB=CD Bat BEL bearish-bat-pattern
197
31
harmonicpatterns abcdpattern batpattern bel bearish-bat-pattern
The Bearish Bat Pattern:

A B point that is less than a 0.618 retracement, preferably a 0.50 or 0.382 of the XA leg. In addition, these structures are excellent trading opportunities when they form at distinct levels of resistance.


  • Resistance 109-112 For targets 97 & support.
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