Marketcalls
Rajandran R Creator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Building GenAI Applications. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in

Bearish BAT Pattern in Bank Nifty Futures

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15 min charts of Bank Nifty futures shows a bearish Bat Pattern(Harmonic Pattern)
Which indicates a near term weakness. I’d like to once again keep an observation
on this chart. Now the Ideal trade should be wait for the overhead resistance 8760 to hold
and short it with stop loss just above that
Source:
www.marketcalls.in
Rajandran R Creator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Building GenAI Applications. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in
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5 Replies to “Bearish BAT Pattern in Bank Nifty Futures”

  2. Hi Rajandran,Its also known as Gartley bearish pattern (W-whipsaw) shape and reverse is known as Gartley bullish pattern (M-Money)Rgds,Navnit

  4. have short IDFC futures as per the GANN chart at 150. Any updates on that or should I hold with a stop of 160.thanks

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