13:06 Hrs 26th Sep 2018
Recent Low @10993
Pardon me for saying wrong figures over the video at 7:17 & 7:35 length of the video.
Mentioned only one important support zone in the video - 10975-11000 zone
Critical zone 10900 - 10925 (Not mentioned over the video)
Buying in 10975-11000 ...
Bullish bat is formed. Major support at 481/90 level. This should be the reversing zone. Going long at this point can give you sweet points. Overall, trend is following pitchfork, expecting for breakout. Details in the chart. Keep supporting :)
The uptrend line has been touched and held. Price is near a Bullish Bat completion. One can go for modified traditional bat targets. Coz its a reversal trade, it would work only if market pulls back.
For rest, the chart is self explanatory.
As this is a weekly chart, trade may take some time. Consider it a swing trade.
Imp: Look for a bullish candle near 303 on daily chart and go long just above the high of that candle. Wait until bullish signal.
The bullish bat PRZ may act like a magnet to pull the price towards 395 odd levels. Price has already broken out of a pennant pattern and resuming the downtrend. The 407 could act as a minor support.
Short term traders may take advantage of the shorting opportunity. The long term traders may look for covering shorts in the specified zone and think of accumulation ...
I see a sharp bounce from 9222. This low was just shy of the Gartley PRZ near 8700. It has been approaching a possible reaction zone near 13000 and strong resistance near 14000. Price action there will reveal the future course of action.
We have strong support at 8700. The traders should turn bearish only below 8700 because then there will be a ...
A bullish bat formed on a weekly chart, with geopolitical tension easing and stimulus package in offing,
a trade can be initiated on a green weekly candle for a respective target with a trailing stop loss for the 2nd target.
I don't know why I reverse trade these patterns. But So far it has yielded handsome returns. A bullish bat seems to have been developing and PRZ is still far. The stock has been in a downtrend since June end, so why not take a trade in the direction of this trend rather than waiting for reversal.
A small downward sloping triangle seems to be developing. I don't ...
A Potential bullish BAT pattern under formation on 60 mins chart of PNB.
Price broken higher time frame (4 hour) trend line & inching down, which gives us an excellent risk/reward short setup (BAMM move form B leg to D leg).
Trade levels as follows.
( BAMM MOVE) - SHORT SETUP
ENTRY 147.5 or below
Risk/Reward : 3.4
A potential bullish bat is near its D leg completion & it may be a good candidate for next week for swing long trade.
Trade levels highlighted on chart.
let the price hit Potential reversal zone (PRZ), watch price action on lower time frame before go long.
Trade with care
We may get potential bullish bat long setup on Biocon hourly chart.
Trade levels shown on chart. As Usual, Risk/Reward is highly favourable for Bat setup.
Also a RSI BAMM may develop for this trade - Watch out RSI while price enters in PRZ.
Trade with Care,
On Tata Motors , 15 min chart we have a potential Long opportunity at the D leg completion of bullish BAT setup .
The D leg completion of BAT is @ 460.7 (PRZ).
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 below X leg structure support .
Target 1 - 466.9
Target 2 - ...
Thanks @razultull for spotting the patterns.
Intact there was a shark right behind the BAT & it would have been a juicy trade but we missed it.
So there is a bullish bat harmonic pattern is developing on 30 mins chart & the D leg of the BAT coincides with support trend line (green colour on chart). D leg completion is at 468.5 (PRZ).
The PRZ zone is only ...