Banknifty Trend and direction

Feb 17, 2022

BANKNIFTY
as one can see in this chart if banknifty break today's low then we might see that below harmonic PRZs could be activate. so first one can short till PRZ then if find reversal at PRZ then go for long after taking such conformations as per your trade set up. if banknifty break above horizontal ray as mentioned on chart then only aggressive long can be initiated.

📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns.
📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone).

******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered