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Bearish Bat

Nifty : ABCD..ABCD..More of ABCD !Yep, ABCD's everywhere you go, repetitively thats why Kindergarten Admission confirmed & on lighter note some people maturity level is also upto KG levels only, trying to nag others & to pick up fight. Well, I'm supercool now, than ever :) Expecting Bat formation on hourly, keeping in view of our 9k fill, this needs to fail, probably a small short covering can happen around ABCD completion zone in Nifty 9070's zone. But if Nifty gets in Bear mood today,it will turn ruthless & filling all the gaps to the down. Just My intuition that its not in mood today, Nifty will get ruthless on its own time & preferences. So mostly, that retracement pullback will happen then a downside move to complete the bat pattern. Go down on time frames to find potential trade chances. You know friends, Most of time I won't give stops & targets, Learning on own is best tutor ever. Buddy's, if you have counter views feel free to drop a line below, I would love to have healthy discussions, bcos knowledge sharing is best thing happened to human race. For that one dear buddy who made futile attempt to nag with kindergarten sarcasm, Don't be so afraid of Me to oppose My views right in My post, I wud love to see you, Rightnow is the time bcos I'm supercool than ever :)
NSE:NIFTYShort
by InsiderB
34
POTENTIAL BEARISH BAT (SHORT SETUP) ON JET AIRWAYS, DAILY CHARTOn JET Airways daily chart, we have a potential Short opportunity at the D leg completion of bearish BAT setup . The price reversal zone is between 534 & 562 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. Stop loss would be placed above X leg structure support . Target 1 - 459 Target 2 - 413 (When looking to take targets on the bullish Bat Setup the first step is to use your Fibonacci retracement tool. With your Fibonacci retracement tool draw from the A to D leg, you are looking for target 1 at the 38.20% and target 2 at the 61.80%. ) To protect the profits you have accumulated at target 1 it is advised you move your stop loss to breakeven once the 38.20% target 1 has been attained, thus giving you a risk free trade to target 2. Trade with Care Gulz.
JShort
by gulz
2
BEARISH BAT SHORT SETUP ON DLF HOURLY CHARTOn DLF Hourly chart , we have a potential Short opportunity at the D leg completion of bearish BAT setup . The price reversal zone is between 153.5 & 155.5 Note : The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. Stop loss would be placed above X leg structure support . Target 1 - 148.2 Target 2 - 144.6 Target 3- 140.5 (When looking to take targets on the bullish Bat Setup the first step is to use your Fibonacci retracement tool. With your Fibonacci retracement tool draw from the A to D leg, you are looking for target 1 at the 38.20% and target 2 at the 61.80% . ) To protect the profits you have accumulated at target 1 it is advised you move your stop loss to break-even once the 38.20% target 1 has been attained, thus giving you a risk free trade to target 2 & so. Note : Pattern will be triggered only if price reaches the PRZ, if price do not comes the zone means the pattern invalidated and setup will be discarded & we will look for other opportunities. It is always important to have favorable risk/reward ratio for any trade. Trade with Care Gulz.
NSE:DLFShort
by gulz
BEARISH BAT SETUP ON ADANI POWERHi, A good short setup is developing on Adani Ports daily charts. Watch PRZ (Potential reversal zone) & enter based on the price action- Use shorter time frame candles to analyse the price action while the price hitting the PRZ. Two Targets : TGT 1 - 36.5 & TGT 2: 30 Stop loss would be above X point ( based on the risk appetite) ** Never ever do long trade on anticipation of CD leg completion. ** I will be updating the trade on shorter time frame - stay tuned for timely entry. Trade with Care.
NSE:ADANIPOWERShort
by gulz
Tata Steel - Bearish Bat Pattern It is been observed that the price action formed an important harmonic pattern called Bat Pattern indicating bearishness and a counter trend trade opportunity. It is a low risk trade as the price action has already reached to the previous resistance levels at 406. Now if the price action breaks and close above the previous resistance levels of 406 then we shall continue to rally up but incase we see some selling pressure at resistance then the price action shall retrace back to 38.2% Fibonacci levels at 388 levels. Target: 388 Stoploss: 410 Risk Reward: 1:4
BSE:TATASTEELShort
by NeeteshJain
2