Nifty: Harmonic Bearish Bat

Oct 12, 2018

There is a Bearish Bat formation in the making. Also there is a gap fill zone near the BAt PRZ. So I do expect some resistance at 10440-10470 zone. It could be a zone to book profit on long trades. I will wait for price rejections before initiating any short.

Enjoy
Regards

Oct 12, 2018

Note

No rejection pattern on any timeframe.
Below 10440 we may expect 10360 or lower.
Any strength beyond 10500 can push for 200-250 points.
Let's see how it opens on Monday.
Good luck.

Oct 15, 2018

Note

Mkt broke 10440 and is heading down. It may try to retest 10440 and give another selling opportunity.
Let's see if 38.2 (10380) and 61.8 targets hit.
All the best.

Oct 16, 2018

Note

Pattern invalidated.