NTPC Long (92.65 - 90.35 or 81.40 - 79.25)NTPC
Buy
Set 1-
E: 92.65 - 90.35
S: 89.25
Set 2-
E: 81.40 - 81.20 - 79.25
S: 78.10
Bat
YESBANK - Bat Formation On the Daily chart, looks like YESBANK is on the way to finish the D leg of Bat pattern. Look out for my SL and Targets on the graph
Disclaimer: Please do your own research before trading this setup. At your own risks and rewards :)
BankNifty | Half Bat pattern | 1Hr Timeframe. BankNifty forming half bat pattern after successful ABCD pattern
Long only after bullish close above 32302.05
Target 1: 32460
If breakout about 32719.
Target 2: 32986
Bat pattern that is going to form on NIFTY.Focusing on the entire range of the PRZ(14100-14188) . However, the price falling, therefore our next target 2AB = CD 14188 and BC projection 14128.
Short sellers should be very careful at Potential Reversal Zone if the tail is detec ted.
I hope that you have checked out my previous nifty update.:
CNX FinancialThe introduction of the index into derivatives has come with a Bearish Alt Bat Harmonic pattern formed in Weekly Time Frame . A daily close below 15475 could lead to long unwinding that might make the index retest 15000 / 14000 . The view would be negated if it breaks above 15700 on hourly closing basis (after activating a down move)
LUPIN - Bearish BatBearish Bat pattern forming on 4H Chart of LUPIN. SELL 1060, SL 1088.1, Target(s) - 1038, 1025.
SHORT SBINNSE:SBIN
Date:13-Jan-2021.
Script: #SBIN
Technical: Bearish Harmonic Pattern🦇
Current Market Price: 306.80
Potential Reversal Zone: 328 TO 331
Setup: We can expect #SBIN to show some sign of Reversal at the levels between 328 TO 331 as per the Bearish Harmonic Pattern. Do mark these levels as alerts in your System. And we are going to witness the Power of Harmonics. Targets will be updated once levels get active.
Harmonic Pattern: Trade setups are only for Reversal and you can find this Reversal well in Advance.
Maruti : AnalysisMaruti has been retracing from its harmonic levels of 1.13 if sustained above these levels there might be an up move again.
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The best and safest level to buy is above 8200.00. SL must be below the previous immediate swing that is below 7240.0 levels.
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Calculate your RR ratio and trade.
PS: I am expecting a halt at these levles.
INDUSINDBANK - 4H TF - Bearish BatBearish Bat pattern forming on 4H Chart of INDUSIND BANK. SELL 937-938, SL 950.1, Target(s) - 925, 920.
UPL - 4H TF - Bearish Gartley & BatBearish Gartley pattern forming on 4H Chart of UPL. SELL 478, SL 481.1, Target(s) - 472, 469.
Bearish Bat pattern forming on 4H Chart of UPL. SELL 486, SL 495.1, Target(s) - 478, 475.
Above 495.1 -> 500-502.
💡 Don't miss the great buy opportunity in BATBTCTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.0000068). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. Basic Attention Token/Bitcoin is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 35.
Take Profits:
TP1= @ 0.0000087
TP2= @ 0.0000106
TP3= @ 0.0000140
TP4= @ 0.0000185
TP5= @ 0.0000221
TP6= @ 0.0000258
TP7= @ 0.0000374
SL= Break below S2
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Cummins India Bearish Bat Pattern on Weekly TFCUMMINSIND reaching Major Structure Zone (Yellow)
which has been a support now acting as resistance.
Tested and failed in September' 19 & January' 20
In Confluence with below
1). Weekly timeframe - 0.886(Bearish Bat) & 1.618 AB=CD
Patterns PRZ converging within 610-630 zone
2). RSI 70.64
3). Monthly timeframe - touching 0.382
Targets
1 - 485
2 - 406
ICICIBANK - 1W TF - Bearish BatBearish Bat pattern forming on Daily/Weekly Chart of ICICIBANK. SELL 520, SL 550.1/ATH, Target(s) - 495, 485, 475.
NIFTY FUTURES - 1H TF - Bearish BatBearish Bat pattern forming on Hourly Chart of NIFTY FUTURES. SELL 11725, SL 11800.1, Target(s) - 11665, 11640.
NIFTY - 1H TF - Bearish BatBearish Bat pattern forming on Hourly Chart of NIFTY . SELL 13705-10, SL ATH , Target(s) - 13641, 13620.
The Bat Pattern on the NIFTY.The "Bat pattern" incorporates the 0.886XA retracement, as the defining element in the Potential Reversal.
The B point retracement a 0.50 of the XA leg. The Bat utilizes a minimum 1.618BC projection which is already done.
In addition, Ba t pattern i s extended a 1.618 AB=CD calculation. It is an incredibly accurate pattern and requires a smaller stop loss than most patterns.
Let's see, Nifty respect of BAT pattern of NOT.
Nifty spot good short candidateNifty spot cmp 13600
Bearish bat pattern formation
PRZ zone in range 13700-13715
SLZ zone above 13780
Down side can fall to levels of 13580-13530-13460.
RELIANCE - 4H TF - Bullish & Bearish BatBullish Bat pattern forming on 4H Chart of RELIANCE. BUY 1910, SL 1894.9, Target(s) - 1923, 1929.
Bearish Bat pattern forming on 4H Chart of RELIANCE. SELL 2072, SL 2095.1, Target(s) - 2053, 2043.
Larsen & Toubro (LT) - Good candidate for short sell
Monthly trend is bullish so we are considering it as a correction.
Formed the BAT pattern in weekly chart.
If we see sell off here before tagging the last high which is 1384, then it can visit the area between 1120 to 1000.
Stoploss could be placed at 1384.
This view is only for the education purpose, Please connect to your financial adviser before taking any entry.
