WaveTalks

Nifty - Bearish Bat Harmonic Pattern (Trigger Below 11880)

Short
WaveTalks Updated   
NSE:NIFTY   Nifty 50 Index
Hi All,

It is Oct Expiry 2019. As updated in the status few mins back. Traders to be careful below 11880-11900 zone. Bearish Bat harmonic Pattern Triggers Below 11880

Target Downside - 11500 / 11090 / 10700

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Last Idea - Culmination Point for 13500-14000 Target Video Idea


Plan B is done close.

Thanks for Support.
Trade active:
15:35 Hrs / 31st Oct 2019

Small Wedge at the Top -11945 & What a fall to 11855 !!!

So, will the rally halt at the tops of 11945 - let us wait & watch. Thanks

Trade active:
09:31 Hrs / 1st Oct 2019

Last Price@11905

Resistance zone 11910-11930

Index halting in the above mentioned zone & failing to cross above 11930 - we expect downside 11875/11830-11840 zone.
Trade active:
10:47 Hrs / 1st Nov 2019

Last Price@11861

Recent Low -11843

Close to 1830-11840 zone. One can book profits & resell at the tops of 11910-11930
Downside Support zone 11785-11810 which can hold the price fall - going below 11775 - It can continue downside.
Trade active:
12:01 Hrs / 1st Nov 2019

Last price@11866

Index has short term negative bias if fails to cross 11890-11900 zone & we look for 11810-11820
Fall can continue if slips below 11775 as updated earlier. Thanks
Comment:
14:15 Hrs / 1st Nov 2019

Last Price@11891

Index visited 11890-11900 zone couple of times - Our stop is above 11920 -day high & we look for 11800-11820 Next
Trade active:
14:45 Hrs / 1st Nov 2019

Last price@119898

No Short Trades above 11900 for safe traders -Only risky traders & that too stops above 11920
Trade active:
15:13 Hrs / 1st Nov 2019

Last Price@11888

Welcome to the real world of market!!! - This is how market test trader's patience & if you are thinking why it is not coming down- let me tell you trading is not an easy job.
Market likely planning to extend the fall for next week. I won't advise safe traders to carry position / risky traders with stops above 11920.
Thanks & Nice weekend
Trade closed manually:
12:07 Hrs / 4th Nov 2019

Last price@11916

Idea invalidated as it moved above 11880-11900 zone last week. Have updated recent comment in latest video idea of stock- Bhel. Thanks

Best Regards,
Abhishek H. Singh
​Growth Director - TradingView India

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