gulz
Short

BEARISH BAT SHORT SETUP ON DLF HOURLY CHART

NSE:DLF   DLF LIMITED
On DLF             Hourly chart , we have a potential Short opportunity at the D leg completion of bearish BAT setup . The price reversal zone is between 153.5 & 155.5

Note : The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.

Stop loss would be placed above X leg structure support .

Target 1 - 148.2
Target 2 - 144.6
Target 3- 140.5

(When looking to take targets on the bullish Bat Setup the first step is to use your Fibonacci retracement tool. With your Fibonacci retracement tool draw from the A to D leg, you are looking for target 1 at the 38.20% and target 2 at the 61.80% . )

To protect the profits you have accumulated at target 1 it is advised you move your stop loss to break-even once the 38.20% target 1 has been attained, thus giving you a risk free trade to target 2 & so.

Note : Pattern will be triggered only if price reaches the PRZ, if price do not comes the zone means the pattern invalidated and setup will be discarded & we will look for other opportunities.

It is always important to have favorable risk/reward ratio for any trade.

Trade with Care
Gulz.
Comment: Price approaching to PRZ
Comment: Can we expect RSI BAMM on this trade ? hope so
Trade active
EN English (IN)
EN English
EN English (UK)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out