India Nifty- Bullish Bat with Critical X-low@8768

Sep 1, 2016

Bullish Bat Pattern becomes invalid if X-wave@8768 is taken out to the downside. With critical stop below 8768 & confirm at your end for bullish opportunity for targets 8870-8880 (once it crosses 8820)

Watch for the bounce in the zone 8765-8775 for 1:6 Risk Reward Ratio.

Kindly do some confirmation at your end before taking any positions.

Regards,
Abhishek H. Singh, CMT

Sep 1, 2016

Trade active

13:25 Hrs-IST-1st Sep2016- Vow it turned upside from very close to our stop@8768-Critical X-Wave Low. Cuurent rate-8800

Sep 1, 2016

Trade closed manually

On upside it failed to cross 8820- well it was good bet as it went very close to 8768 making low@8771.20 & then bounce till 8812- one could have made 50% profit here.