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 to 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 targets 13403  or still down.
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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.

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Simple TimeCycle and Parallel Channel, NIFTY

nifty-timecycle

There is still not worry about long positional trader until the price would not fall below 13397 and Support 13000. To become a subscriber, subscribe to our free newsletter services. Our service is free for all.

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AB=CD At 12798 For NIFTY

This call was given to our subscribers

BUY NIFTY NOV FUT 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 Basic Rules…

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Elliot Wave(30min TF) for BANKNIFTY & Throw-Over?

On the 5th, I’m expecting Throw-Over for this parallel channeling. By utilizing the 2-wave and 4-wave to determine the wave 5th connected parallel channel but herein, I suppose to break the upper band of the channel causing taking a table of U.S. election by the Biden expecting.

In essence, after the completion of the 5th wave, we are going to correct A, B, C. For the correction, The “Control Price” can attract the price.

=> Why did the price make higher & higher technical reasons?

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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.

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