NeeteshJain
Long

Apollo Hospital - Bullish Harmonic Pattern

BSE:APOLLOHOSP   APOLLO HOSPITALS ENTERPRISE LT
It is been observed that the price action is forming a harmonic bullish pattern on the daily chart indicating a bullish reversal in price action.

Target: 1200

Stoploss: 1140
Trade active
Trade active
Comment: Good time to re-enter at current levels SL 1140 on closing basis. Regards
Comment: Going Good so far, indicating a strong up move ahead. Regards
Trade closed: target reached: Target reached successfully, Regards
Comment: Sometimes, Unnamed Harmonics patterns workout well if we understand them well. Now, previous gap levels filled.



Follow Up,

Regards
Can I take a short position @1245/- price
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testing patience ........
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Agree.
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zoooooming .......
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THIS IS TOO GOOD CALL SIR
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Pls Sir let me know which harmonic pattern this is? I am not getting it. Please guide
+1 Reply
NeeteshJain pratiktech
@pratiktech, Harmonic patterns are based on Ratio analysis and once given ratios of the price action matches together then it forms a harmonic or ratio pattern which describes a certain target with it. I would advise you to check out my educational post on the harmonic patterns mentioned under this idea in "Related Ideas" . Regards
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pratiktech NeeteshJain
@NeeteshJain, Sir, I know its game of retracement I meant that whats the name of this pattern? BAT, Butterfly, Crab, Shark, Gartley or Structures patterns.. I hope this is clear Sir, Why i want to know is just bcas I am not aware of it.
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NeeteshJain pratiktech
@pratiktech, There is no specified pattern as such, and I have not even mentioned any of the said harmonic patterns. I posted it as I found it bullish. No other reason or any said pattern behind it. Regards
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pratiktech NeeteshJain
@NeeteshJain, Okay I got it.Thanx
+1 Reply
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