The Bat Pattern on the NIFTY:

The “Bat pattern” incorporates the 0.886XA retracement, as the defining element in the Potential Reversal.
The B point retracement a 0.50 of the XA leg. The Bat utilizes a minimum 1.618BC projection which is already done.
In addition, Bat pattern is extended a 1.618 AB=CD calculation. It is an incredibly accurate pattern and requires a smaller stop loss than most patterns.

By keeping stop-loss as 13747 sell NIFTY,  TARGET can be 13536 2nd target 13403  or still down.

Negative Sign at Longer TF for NIFTY.

The price is trading the upper band of the channel which is resistance but nifty can create penetration(excess2) because of excess1 at lower band.

AB=CD at 12798 for NIFTY.

This call was given to our subscribers

BUY NIFTYNOVFUT 12050

Stop-loss 12014, ONLY 36 point stop-loss

BOOKED PROFIT at 12550

500 POINTS PROFIT TAKEN, 500*75= 37,500 PROFIT

This defined the 12798 area as critical short-term resistance. It is important to note that the stock reversed after the AB=CD completion point will test. Although the BC projection was an important calculation within the PRZ of the pattern, the completion of the equivalent AB=CD structure was the defining limit. The chart of the price action in the PRZ shows the near-perfect reversal just the PRZ at 12798 nearby expecting…

I outlined that important level is at 12798 and Terminal Bar will decide for reversal confirmation.

I have mixed use Breakdown + Elliott Modied Basic Rules…

LUPIN The Precious Reversal after AB=CD and now Butterfly Pattern!

Precious seen AB=CD pattern on LUPIN. The “B” retraced at exact 61.8% and BC project at accurately 1.168%. After completing this pattern, extreme fall was seen in the price.
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Bullish Butterfly pattern required “B” mid-point 78.6% retracement and The price can fall 1.27.

The reversal can push the price previous level first 938 and 980.

The price an rise near of the range 853 and 846.

Developing crab pattern in nifty:

The “B” mid-point is at 61.8% of XA leg.
(Alternate Bat required exact 38.2% B retracement)

For the Crab pattern or Gartley, the “B” can be 61.8% but D must me equal or more than 2 AB = CD.

By the looking on the chart, we have 2 best entry point to enter long side.