Why did Nifty fall from 11570 : Gann Date Impact or Technicals ?
Updated
Dear All Members at Tradingview ,
I have explained Bearish Bat Pattern on Charts of Nifty ; Quite Sure that you will learn something from above chart & will ask your doubts in comment box .
In Nifty , PRZ was placed at 11560 & In Intraday , We got 120+ Points Move .
Basics of Bearish Bat :
• B point at a less than a 0.618 retracement of XA, preferably a distinct 50% or 38.2% retracement.
• BC projection must be at least 1.618.
• AB=CD pattern is usually extended.
• 0.886 XA retracement.
• C point with range between 0.382 and 0.886.
Hope You will like My Idea ; Hit Like Button for Supporting & Comment your view in Comments Section .
Disclosure : I am not A SEBI Registered Technical Analyst !
Regards ,
Mohit Jangir (KBMJ)
Happy Trading !!!
I have explained Bearish Bat Pattern on Charts of Nifty ; Quite Sure that you will learn something from above chart & will ask your doubts in comment box .
In Nifty , PRZ was placed at 11560 & In Intraday , We got 120+ Points Move .
Basics of Bearish Bat :
• B point at a less than a 0.618 retracement of XA, preferably a distinct 50% or 38.2% retracement.
• BC projection must be at least 1.618.
• AB=CD pattern is usually extended.
• 0.886 XA retracement.
• C point with range between 0.382 and 0.886.
Hope You will like My Idea ; Hit Like Button for Supporting & Comment your view in Comments Section .
Disclosure : I am not A SEBI Registered Technical Analyst !
Regards ,
Mohit Jangir (KBMJ)
Happy Trading !!!
Note
1% Down Again ; Book Your Shorts near to 11,270-11,300 :)Note
Lows of 11342 ; Booking 75% of Profits :)
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