Bat
LLong
Minda Industries can give good returnsMinda Industries is an adopting automobile company with huge consumer base and customer trust, technically it has given a breakout a couple sessions ago and is presently trading near its all time high, once it breaks the range of 607, it can prove to be a good trade.
MLong
Reliance - Bearish BatReliance has shown a bearish bat pattern.
However, the last leg of the pattern was super strong, so no trading as of now. People holding in cash may hedge with a put option.
Shorting call options can be risky when the stock has such a momentum!
This material is just to introduce the Bat Pattern. As per Scott Carney -
A Valid bat pattern has the following characteristics -
B point at a less than a 0.618 retracement of XA, preferably a distinct 50% or 38.2% retracement. (47.2% in this case)
BC projection must be at least 1.618. (2.0 in this case)
AB=CD pattern is usually extended. (1.618 AB = CD in this case)
0.886 XA retracement. (0.887 in this case)
C point with range between 0.382 and 0.886. (0.825 in this case)
Minimum target is 2080
Second target is 2050
Stop loss is 2231
The reward:risk is not favorable in this trade.
Disclaimer: All investments and trading in the stock market involve risk. Any decisions to place trades in the financial markets, including trading in stock or options or other financial instruments is a personal decision that should only be made after thorough research, including a personal risk and financial assessment and the engagement of professional assistance to the extent you believe necessary. The trading strategies or related information mentioned in this article is for informational / educational purposes only.
Long Amara Raja BatteriesAMARA RAJA BATTERIES : Bullish Bat Formation / Any hourly close above the PRZ of 732.10 and subsequent break of that high would be a Signal for Long Position
SL @ 712.5 Below which pattern is invalidated / TGT 835 / 890 / 900
ALong
HDFCBANK UPSIDE TRENDLINE BREAKI THINK HDFCBANK WILL GO UP FROM HERE AS THE FINANCIAL SECTOR WILL BULLISH FROM NEXT WEEK OR HDFCBANK HAS GIVEN A TRENDLINE BREAKOUT ON THE 1 DAY CHART.
AND WITH THE SUPPORT OF 20 EXPONENTIAL MOVING AVERAGE HAS GONE TO THE UPDISE.
SO MY TARGET IS = 1524.63 , 1635.00 , 1741.56






















