Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Bearish BAT Pattern in Bank Nifty Futures

12 sec read


 

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
Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

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5 Replies to “Bearish BAT Pattern in Bank Nifty Futures”

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

  2. 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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