Get started

Bearish Bat

Strategy : Buy in Dips using Support Zone & EMAIEX is an Indian Company in Power Sector. Recently after forming a Bearish Bat, Share price fell by almost 20% from 303 to 235 The RSI of the company also reached 30 level - Key level for bounce back After taking support at its previous low that is the W pattern low 1 at 236- 232 zone ( purple rectangle in chart ), The share has shown a healthy bounce led by the Bullish Kicker and is trading at 254 now. If it follows the trend of bouncing from EMA 100, one can look for targets at previous H
NSE:IEX
by AxeCap007
24
Bajaj Consumer is in sideways and ready for a big moveBajaj Consumer is in sideways and ready for a big move Reasons/Traits : • Bearish Bat harmonic pattern is forming (gets activated if price goes and stays above 265 • Price is in sideways since few weeks • Price is revolving around 13/20/50/200 EMA • Big movement can be expected from stock which are in sideways since long and hovering around all EMA’s What can happen next : Scenario 1 : Price sustaining above 265 levels can take it to 270/280/290/310/325 levels Scenario 2 : Price break down b
NSE:BAJAJCON
by AdhigamaTrading
2
Bank Nifty Short Term Reversal Zone HEY TRADERS, THIS PREDICTION IS BASED ON A HARMONIC PATTERN AND THE HARMONIC PATTERN IS 100% ACCURATE AND10000% RISKY BECAUSE IT IS AGAINST THE TREND METHOD... HOPE YOU ALL FIND SOME VALUE Here...SO, DON'T FORGET TO LIKE AND SHARE THIS POST. DON'T FORGET TO SUBSCRIBE. COMMENTS WRITE DOWN BELOW OF THIS Chart... THANK YOU... ~Disclaimer: "I Am Not Sebi Registered Advisor" All views and charts shared in this terminal are purely for knowledge and
NSE:BANKNIFTYShort
by ashish_2108
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) B
NSE:RELIANCE
by Market-Thalaivaa
1
Nifty - Corrective Wave + Bearish Bat (Selling Below 15045)Reasons for sell • Falling Trendline can act as resistance connecting 15336 & 15045 Highs • Corrective wave close to end its structure which started from 14416 lows • Bearish Bat Harmonic structure PRZ below 15045 More confirmation for selling to be confirmed • Once Index takes out 14890-14900 zone • Slips below gap up zone 14828-14892 zone Target Downside • 14765 (Target 1) • 14725 (Target 2) • 14605 (Target 3) • 14415 (Target 4) • 14350 (Final Target) Stops or Invalidation Level*
NSE:NIFTYShort
by WaveTalks
50