Kinnari_Prajapati
Short

BEL, The Bearish Bat Pattern with Reversal 111 nearby.

NSE:BEL   BHARAT ELECTRONICS
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.

Comments

Any book suggestions for a beginner about technical analysis and everything else maybe?
+28 Reply
@shraey, deepak keshaji prajapati
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Here New Subscriber... Been following you on TradingView for few weeks, now here as well. Some impeccable analysis you have shared there. I back tested. Gr8 work!
+5 Reply
On hourly and 15 min chart, there is a bearish divergence(RSI) so it should fall till 97, can you confirm my analysis
+2 Reply
according to my analysis it will reverse from 114 to115
+1 Reply
how to find a stock for harmonics trading? Is there any screener or to choose the right stock? Thanks in advance
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Mam, the price started falling before reaching the 109-112 level (the next day you draw the BAT). So, the pattern already success or it will reach to 109-112 and fall again?
thanks. You are super analyst.
Reply
Very nice mam
Reply
A request, Can you make an analysis on FRETAIL ?
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