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InsiderB
Sep 8, 2016 2:48 AM

Nifty 50 : Potential Gartley & Bat pattern Long

Nifty 50 IndexNSE

Description

In Nifty we have two potential patterns, when there is potential patterns bcos of greed we tend to trade CD moves, its really bad habit. You should not trade CD move during your learning phase of patterns. The safest setup is to trade after pattern completion from D point.

In Nifty, a week before we had more than 300 points in 10 days just by patterns but that doesn't mean that pattern is winner everytime, we should realize that fact. The above patterns may or may not complete. If it completes I will trade this setup else I will look for other trade setups. Its simple as that but don't take positions just based on Belief that it will work,its bad for your capital !

Lets wait for pattern completion....If no, lets search next trade setup !

Trade active

I got in... hereafter its Nifty's wish to hit my stops or targets :)

Comment

We had an awesome day with Nifty :)
Comments
Jit127877
Targets 1 done I suppose :)
InsiderB
Yeah...trailing remaining positions for Bonaza :)
Jit127877
and bonanza is 64 ?
InsiderB
Nifty is ranging so 45's... otherwise we can trail for higher targets which is not advisable in ranging !
AMBRISH
Trade active.
InsiderB
@AMBRISH, You caught today,what you missed yesterday, I believe :)
AMBRISH
Again gap up opening .
InsiderB
Looks like that, but small hope with Me, for this pattern to complete. Anyway Nifty is decider, lets see...
AMBRISH
Sure, Wait n watch.
InsiderB
Nifty is kind to us today & filled our pattern setups !
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