Potential "Bearish Bat Pattern" On the TVC:USOIL daily chart.
NIFTY might find support at OR around 9240. First hour in the morning could be crucial. If it bounce back from support, will it be able to break 9367 mark?
Today PRAJ INDUSTRIES broke out above 200 DMA with opening higher than previous day close and rise in volume. Could this be a potential breakout for long run?
Today Place SHORT SELL order @230 (Support) and take profit @228. Since VEDL is in downtrend, it will break support level.
This pattern was discovered by Mr. Anmol Singh of LiveTraders Inc, USA (at least to my knowledge). It may appear on 1 min, 5 min, hourly, daily etc... chart