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.

Bullish BAT Pattern in Hourly Cairn Charts

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Hourly Carin Charts shows a potential short term trade setup with a bullish BAT Pattern. Bullish BAT pattern requires a smaller stop loss than most patterns because it has undergone a 0.99XA retracemnt. So any move below the point X i.e Rs 258 invalidates the pattern. So long trade can be set up with a stop loss of 258. As the charts are hourly trade should be exited once 3% target achieves which corresponds to the target of 267.8 approximately. Estimates time duration for achieving the target  is 1-2 days

 

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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