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Bullish Bat

Nifty - Market Opens - Magic Starts 10900-10925 Zone 13:06 Hrs 26th Sep 2018 Last Price@11015 Hello Readers Recent Low @10993 Pardon me for saying wrong figures over the video at 7:17 & 7:35 length of the video. Key Zone Mentioned only one important support zone in the video - 10975-11000 zone Magical Zone Critical zone 10900 - 10925 (Not mentioned over the video) Trading Strategy Buying in 10975-11000 zone or later in magical zone 10900-10925 - Below 10900 - we will wind up which is slight modification over the video suggesting we shall wind up if goes below 10975. No Buy Trades Below 10900 -10925 Upside Target zone First Zone -11240-11250 Second Zone - 11340-11350 only if holds above 11250 -------------------------------------------------------------------------------------------------------------------------------------- 25th Sep 2018 Bullish Bat between 10885-10900 - Falls from 10975 to 10883 - Boom Taking breather at 11050 for the day Falling in the Magical Zone 10900-10925
NSE:NIFTYLong
by WaveTalks
22
Bharti Airtel: Heading For Bat CompletionThe 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 keeping into consideration the overall market scenario. Regards Bravo
NSE:BHARTIARTL
by Bravetotrade
1
Fib-Confluence Analysis: Two ScenariosBrief analysis 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 potential for 4900-5000, which is the Bat PRZ. Till then enjoy the up move. Hope this analysis will help bitcoin traders to develop their plans more efficiently. Do hit like and comment. All the best. Bravo Disclaimer: I do not trade Bitcoin.
BITSTAMP:BTCUSD
by Bravetotrade
3
The Perfect Bullish Bat Below 10094Hi fellows, hope you are doing great with your trading. I wish you all the best for the coming week. In my previous post I shared my observations with the expectations that the index will achieve higher levels in the coming days. Unfortunately, I had to take trades in the reverse direction, later in the week, in order to mitigate my losses. It is all part of trading and I need to be flexible in this profession. The stubborn will be blown away by the winds, but only the flexible will survive the storms. Current observations: Below the level 10094, I would assume that it is a bullish BAT pattern which is under formation. I called it a PERFECT BAT because the B leg retraced exactly 0.5 of A leg; also the B-C projection at D comes out to be exactly 2 times; and the A-B-C extension at D is exactly 1.618 as a complemetary confluence. These are all traits of a perfect BATpattern. For me the BAT would be in action below 10094. A conservative approach would be to wait till 10013 where AB=CD completes and also 10000 could also act as a psychological support. But break of 10K would trigger stops for long traders and may attract new shorts. So I would call 10000-10094 as the key level to watch out for the next week. The PRZ for the BAT falls at 9780, I would call 9780-9687 as a strong support zone below the 10K mark. If this support zone holds, a bounce of the order of 38.2% to 61.8% can be seen ( which would be 10020 to 100169 resp.) The question of complete reversal from this zone should be left unanswered as of now. Other Possibilities: It is possible that the 10094 holds and market rebounds from there. In that case, I would like to see the index above the red downtrend line in order to be bullish. It is also possible that the market consolidated between the red trendline and 10094 before giving any decisive move. Cycle study: Market reacted before its 25 day uptrend cycle, so I expect some sort of reversal at the end of this cycle. But this time it could be an upward reversal. I ll have reassess the situation at the cycle completion. So, my post has short term bearish undertones, with the expectations of intermittent bounces in the market. For long term I am still bullish but I need specific levels for that. With a regret that I am not able to update during the week, I hope you guys will find this post useful and take your trading decisions with care. Do hit the like button for better posts ahead. Trade safe, stay healthy. Regards Bravetotrade
NSE:NIFTYEducation
by Bravetotrade
5
Mindtree: The Bullish BatI 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 say that it will break down but if it does I will go short below 475 with a stop of 486 for a possible target of 460. After that we may expect reversal. Hit like if this information is useful. Trade safe, stay healthy. Best Regards Bravetotrade
MShort
by Bravetotrade
11
DUAL TRADE SETUP - POTENTIAL HARMONIC BAT Hi, 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. TRADE 1 ( BAMM MOVE) - SHORT SETUP ENTRY 147.5 or below STOP 148.6 Target 143.8 Risk/Reward : 3.4 Once the pattern completes D leg, we will have a long setup based on the price action. TRADE 2 - LONG SETUP ENTRY 143.8 STOP 140.7 Target 1: 147.5 (38.2%) Target 2: 149.8 (61.8%) Trade with Care Gulz
NSE:PNB
by gulz
3
BULLISH SHARK DONE IN TATA STEEL, NOW TURN FOR A BULLISH BAT ?Hi, 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 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 . (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%.) Target 1 - 483 Target 2- 492 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
NSE:TATASTEELLong
by gulz
5
BULLISH BAT LONG SETUP ON TATA MOTORS - 460.7Hi, 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 - 470.7 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
NSE:TATAMOTORSLong
by gulz
2
POTENTIAL BULLISH BAT, Long SetupOn Ashok Leyland 30min chart, we have a potential Long opportunity at the D leg completion of bullish BAT setup . The price reversal zone is between 87 & 86. 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 - 89.4 Target 2 - 90.9 (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.
NSE:ASHOKLEYLong
by gulz
5
Potential Bullish BAT on TCS hourly ChartOn TCS 60 mins chart, we have a potential Long opportunity at the D leg completion of bullish BAT setup . The price reversal zone is between 2424 & 2404 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 - 2487 Target 2 - 2525 (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.
NSE:TCSLong
by gulz
15