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Bullish Bat

POTENTIAL BULLISH BAT SETUP on 1hour ChartOn the GLENMARK PHARMA, 1 hour chart we have a potential long opportunity at the D leg completion of bullish Bat setup. The price reversal zone on this pair is between 876 & 833 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 would be placed below X leg structure resistance . Target 1 - 913 Target 2 - 937 Trade with Care Gulz.
NSE:GLENMARKLong
by gulz
BankNifty : Bats n Elliots, can we bank on them ?!Banknifty last week hit trailing stops and I exited my positions for breakeven, booked 50% only on 1st Target. So its a ok-ok trade only.No we have potential bat pattern completion & ABCD pattern completion around same zone in BankNifty, so guys when 19250's are reached be vigilant. Another thing Banknifty is not like usual stocks which trades in 100's, we are looking at 5 digit number here, so a simple more of 100points is nothing for BankNifty, Take care of your stops and where it needs to go. Finally we have Elliots also in BankNifty aligning with Bat & Abcd pattern, wave(4) will be targets for our patterns. Let Banknifty break support zone marked above, then only we can confirm whether the pattern really completes or not. If you want to trade the waves of Elliott, Go down a timeframe look for opportunities to enter. Probably if Nifty bounces backup, Banknifty can do same thing, Lets see what happens !
NSE:BANKNIFTY
by InsiderB
12
Nifty : Will you ever get out of this crooked Ranging Mindset ?Below is Conversation Between Nifty & Myself : " Why Nifty ? Why ?? Little irritated with you. Dear Nifty, Isn't it bad to repeat same things again ??? How can we trade if you Range like this ? Nifty, its good for you if you get out of this Mindset and Do some unique move on your own, we will appreciate your moves Nifty. Just Don't repeat things,thats all I ask to you Dear Nifty ! " Did I get bit harsh on you, Nifty ? Don't Range ! Happy Trading !
NSE:NIFTY
by InsiderB
12
Nifty 50 : Potential Gartley & Bat patternIn Nifty we have two potential patterns, when there is potential patterns bcos of greed we tend to trade CD moves, its really bad habit. You should not trade CD move during your learning phase of patterns. The safest setup is to trade after pattern completion from D point. In Nifty, a week before we had more than 300 points in 10 days just by patterns but that doesn't mean that pattern is winner everytime, we should realize that fact. The above patterns may or may not complete. If it completes I will trade this setup else I will look for other trade setups. Its simple as that but don't take positions just based on Belief that it will work,its bad for your capital ! Lets wait for pattern completion....If no, lets search next trade setup !
NSE:NIFTYLong
by InsiderB
18
Ambuja Cements : Bullish Bat pattern completionI don't know why its raining patterns everywhere... Just one short caution : Trade patterns only if you are well-versed with it and if you know its success ratio. We got bullish bat pattern completion in Ambujacem exactly in support zone ,similar one we got in ashok leyland also. GSTbill looks good for cement and auto's, so I'm expecting gapup, though in Nifty I expect Gap down bcos of profit booking (sell on News) & . Happy Trading !
NSE:AMBUJACEMLong
by InsiderB
6