YesBank: The Bearish Bat Target

There is double bottom and RSI divergence seen on the chart.
Currently a short term trendline is broken on the upside. Some pullback might be seen for retest.
If this Bat plays, we may get 348 and 360 on this stock.
Technically the bat will be active above 344.
This idea is aggressive, proactive and involves risks so apply your own due diligence before trading.

Comment: Setup negated already.


"Technically the bat will be active above 344"

Well a pattern (be it Bat, Cypher, Gartley, Butterfly or what ever) isn't active untill its "D" Leg completion. A pattern trader will never get involve in a trade based on assumption. If someone does...its pure gambling.
+3 Reply
@vj_04, Perhaps you would agree that here could be more than one possible way to play any technical pattern. In this case, those having bullish bias at this level can take the PRZ of the pattern as a potential target. Trade could have been initiated on the basis of several other factors.
By the way if you know these patterns you would have heard about Bat Action Zone. This trade could be a nice example above mentioned levels.
Thanks for the comment.
@vj_04, 100% true bro .. Some people try to be too smart and try trade in C to D leg and there are every chance of it getting failed
Bravetotrade arungcteee06
@arungcteee06, Some people already know that they can't outsmart the markets ;)
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