Apollo Hospital - Bullish Harmonic Pattern
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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
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
Follow Up,
Regards
Related Ideas
Pls Sir let me know which harmonic pattern this is? I am not getting it. Please guide
Reply
@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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@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.
Reply
@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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