HDFC - Bearish Bat Pattern Setup

It is been observed that the price action forming a Bearish Bat Pattern on hourly chart along with Bearish Pin-Bar pattern, indicating short weakness ahead.

Target: 1400
Target: 1382
Stoploss: 1440
Trade closed: target reached: Target 1 achieved Successfully.
Trade active: Now, aiming for target 2, regards.
Trade closed: target reached: Target 2 was also achieved successfully. Regards


sir your every post i am watching all have pattern and with good logic
+1 Reply
NeeteshJain dr_professor_nifty
Thank you Rupam for the generous remarks. Yes, I generally post charts that are self explanatory and on the basis of price action or buyers and sellers action. It is a good source of learning :)
wow! worked to the exact calculated levels. 1382 was 38.2 fib of CD, what were the correction level@1400? how to draw @1400. is it 38.2 of 38.2 CD? Regards
Hi Neetesh,

I am learning a lot from you and your posts really rock! I have recovered whatever i had lost before stumbling against All you guys do an awesome job and its free service to all of us! Thanks a lot.
Thanks for sharing Neetesh. Appreciate all your efforts. I am new joinee and novice learner. I am confident that i am going to learn lot from you. Is this trade still open, i mean can be taken it tomorrow?
NeeteshJain dev_trader
Yes, this trade is open for tomorrow, you may initiate after your due diligence and considering your risk in factor. I'm glad to know about your interest to learn trading. I believe you're at the right place where you may explore, learn, practice and become better at your craft.Wish you the best, Regards
dev_trader NeeteshJain
Wow...that was quick response. Glad to see that. :). Thanks. Will watch first 15 min and then will go short at lower level if it won't cross 1440.
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