Free Stock market / Nifty intraday tips, Unspecified

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.
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She's sub-editor at Moneymunch since 2018 March.

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