gulz
Long

Potential Bullish BAT on Nifty 30 min Chart @ 8901

NSE:NIFTY   Nifty 50 Index
Hi,

On NIFTY             , 30 min chart we have a potential Long opportunity at the D leg completion of bullish BAT setup .

The D leg completion of BAT is @ 8901 (PRZ).

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 below X leg structure support .

Target 1 - 9022
Target 2 - 9097

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 breakeven once the 38.20% target 1 has been attained, thus giving you a risk free trade to target 2.

Trade with Care
Gulz
Comment: Incase Nifty falls down (might be bcoz of Reliance ind. issue or something else) & If price action exceeds the B point in a break down move, we will have a short term Short trade setup from B to D leg ( Bat Action Magnet Move (BAMM)) on anticipation of D leg completion ( 0.886 of XA leg).
i.e. if price action declines B point, the 'Magnet' effect begins.
Order cancelled
EN English (IN)
EN English
EN English (UK)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
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
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