Bat
The Bat OR Alternate Bat Pattern forming by USDINR.The price will move upwards towards the PRZ area where I can expect selling pressure and price can fall up-to 38.2 or 61.8%.
Let's watch for the Terminal Bar near the PRZ area to execute the trade.
The Perfect Bullish Bat Pattern on EURUSD...!!!
The mid-point "B" has retraced 50% of leg XA.
Either the Alternate 2AC=CD at 1.16791, or 1.618 AB=AC
The 0.886 "D" point retracement of XA leg as defined at 1.17108 is the starting of the PRZ to enter a long position after the Terminal Bar is verified.
The range of the PRZ is 300 pips starting from 1.17108 to 1.16791. The TERMINAL BAR of this pattern will then be defined for the accurate reversal .
District Bullish Bat pattern is going formed on the DIVISLAB.(i) A Bullish Bat pattern is defined when the B point is less than a 0.618% retracement and In the above chart there is 50% B point of XA leg retraced.
(ii) A Bearish Bat Pattern occasionally forms after retracing from a critical high point. ie, 3388.70
the retracement 0.886 will occur close to the prior high when completed, which is X.
Wait for the entire Potential Reversal Zone to be tested before executing, to validate.
Terminal Bar means reversal bar is important to excuse our trade setup.
For target, You can use Fib Ratio 62.8% and 38.2% as targets.
LONG HINDPETRONSE:HINDPETRO
#HINDPETRO have formed a bullish candlestick pattern around the bullish Harmonic pattern with bullish divergence on the daily chart but 170 being the imidate resistance looking at the past price structure. ABOVE 170 WE CAN SEE THE STOCK TO GIVE A GOOD MOVE TILL 177 / 186 / 199 TRAILING SL IS MUST KEEP PREVIOUS 3 BAR CANDLESTICK AS SL AND CAN TRAIL. DO YOUR OWN RESEARCH.
HDFC BANKHDFC Bank reversed from a Bearish Harmonic Bat and now has activated a Bearish C Clamp as per Ichimoku study. It faces resistance at 1210 and it could retrace till 1130/1080 provided it does not breach above 1240
Harmonic Trading Patterns are formations based on Fibonacci Ratios which indicate reversal of a trend with retracement levels of 38-50-62% of the trend line.
Ichimoku is a Japanese origin study of charts based on specific Moving Averages combined together to give a trend based signal in terms of both Price and Time.
Bharti Airtel is on the verge of breakoutFollow these three rules to take a trade :
1. It should break the ongoing triangle pattern.
2. The breaking candle should have high volume.
3. There should be a retest.
4. Take the entry at the second green candle after retest.
Do comment if you have any other doubts as well.
TITANIt has made a Bearish Harmonic Bat in daily time frame. It could retrace till 1200/1175/1100 provided it does not start sustaining above 1270 once again.
Harmonic Patterns are derived from Fibonacci Ratios when each angle of retracement aligns to confirm a reversal probability of 38-50-62 % of the existing trend.
TATA MOTORS Bullish Bat!!1) Price should sustain at least 30 mins to 1Hr above the last trading day high to reach to the 1st target.
2) If the price takes out T1 in 1 Hr & 4 Hr time frame in coming trading days then T2 is the target.
3) Global markets should be positive so that our market can also move up.
4) Several factors matter with multi-confirmation to enter into a trade. So, do study and then trade & invest.
Disclaimer: Don't just blindly Trade or Invest, learn and then trade. Manage your risks properly.
This analysis is purely for EDUCATIONAL purpose, just to give an idea on the price movements!!
DO NOT FORGET to put your own STOPLOSS!! KEEP STRICT STOPLOSS!
If you earn from my ideas, kindly consider donating a small part of your profits to those in need.
Always trade what you see, never trade what you feel.
ThankYou!