NeeteshJain

Mar 30, 2017 8:49 AM

Apollo Hospital - Bullish Harmonic Pattern Long

APOLLO HOSPITALS ENTERPRISE LTBSE

Description

⋅ Mar 30, 2017 8:49 AM

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

⋅ Mar 31, 2017 4:23 AM

Trade active

⋅ Apr 3, 2017 6:56 AM

Comment

⋅ Apr 7, 2017 6:50 AM

Good time to re-enter at current levels SL 1140 on closing basis. Regards

Comment

⋅ Apr 7, 2017 7:52 AM

Going Good so far, indicating a strong up move ahead. Regards

Trade closed: target reached

⋅ Apr 26, 2017 6:29 AM

Target reached successfully, Regards

Comment

⋅ May 10, 2017 7:43 AM

Sometimes, Unnamed Harmonics patterns workout well if we understand them well. Now, previous gap levels filled.

Follow Up,

Regards

Comments

pratiktech

⋅ Mar 31, 2017 5:20 AM

Pls Sir let me know which harmonic pattern this is? I am not getting it. Please guide

NeeteshJain

⋅ Mar 31, 2017 5:51 AM

@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

pratiktech

⋅ Mar 31, 2017 6:55 AM

@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.

NeeteshJain

⋅ Mar 31, 2017 7:09 AM

@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

pratiktech

⋅ Mar 31, 2017 7:10 AM

@NeeteshJain, Okay I got it.Thanx

shakes70

⋅ Mar 31, 2017 4:54 AM

@1166 entered ...fyi pl

NeeteshJain

⋅ Mar 31, 2017 5:49 AM

@shakes70, Good, Today's close shall determine further price action. Regards

razultull

⋅ Mar 31, 2017 2:36 AM

Bullish shark must have CD extension between 1.618-2.24, it is possible we will see correction down a little bit more, however good to keep on radar.

NeeteshJain

⋅ Mar 31, 2017 5:48 AM

@razultull, Yes, you're correct about the Shark pattern and it does not support the ratio analysis. I posted it as I found Apollo Hospital bullish for a short term. Appreciate your feedback. Regards

paragathawale

⋅ Apr 1, 2017 6:22 AM

@NeeteshJain, On daily & weekly charts, SUPERTREND has not yet shown a BUY signal. On weekly charts, it could take support at 200EMA, where there could be a short term bounce. So I would wait for a bit of confirmation. My view - I am not an expert.