DHFL has formed bearish bat harmonic pattern Short DHFL below 587 T1 - 576 T2 - 551 SL - 615
Anticipating a pull back to 248 and 242 from the Bat PRZ near the channel high @ 263 / 268 zone. Although anticipating reversals yield handsome returns yet they are associated with high risk. So I suggest to have your own study before following the idea. Trade Safe, Be healthy. Hit like if this information is useful. Regards Bravetotrade
Entered @1728 First target achieved @ 1704 Second target achieved @ 1684
You want to Wake up or take the V- cup - your choice. It has retraced 50% of the rise from 132 to 164 at closing price for the day @148-149. The zone of interest 148-149 was shown in previous post which was travelled today on account of dalal street bleeding for the day & PNB cracked below 157 updated early morning@08:11 Hrs - 3rd Aug2017. Travelling again &...
Technical Aspects : YesBank - Bearish Bat AxisBank - Channel Breakout ( will fail & range again, just My opinion ) SBI - Bearish Cypher So as of now our technical aspects point downside... Fundamental : Not literally fundamental view, based on macro news, YesBank - Lesser NPA than Axis & better next to HDFC AxisBank - High NPA among privates SBI - Banks...
Bearish bat pattern on daily chart
Hi, A Potential bearish harmonic bat near completion on 15 min chart in confluence of trend line resistance. Note : MACD 4C giving bearish divergence. Trade levels as follows. Entry (Price Reversal Zone) : 354 TP1 : 337.4 (38.2%) TP1 : 330 (61.8%) Stop loss : 359.5 or higher Always watch price action before making entry ( for a better risk/reward...
My first attempt at Harmonic patterns. Request all seniors to review and correct any mistakes. Seems like stock has a Good Risk/Reward Ratio as depicted in the chart.
Hi, Here is a bearish BAT, short setup developing on Wipro daily chart . It may take some time to complete the D leg, but it's worth to keep in watch list. Trade levels shown on chart. Trade with Care, Gulz.
Hi, A Bearish BAT completed on U.P.L LTD hourly chart. Price is moving upside through a rising trend line ( both daily & hourly RSI showing strong divergence with current trend). Let price break the trend line to make entry - Trade with care. Gulz
Hi, A potential bearish bat is nearby it's D leg completion on weekly chart of BHEL . If price hits D leg, look for lower time frame price action for timely entry. Trade levels mentioned on chart. Trade with Care Gulz
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...
On 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...
On 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 -...
On Lupin 15min chart we have a potential Short opportunity at the D leg completion of bearish BAT. The price reversal zone is between 1509.9 & 1520 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. Potential targets for the BAT setup placed at the .382% and .618% retracement of the C to D move. Stop loss...
Hi, 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...
HeroMotoCorp is in last leg of bearish bat formation. Might hit 3323 and 3409. Go long above 3255.