BHELShort
Bearish Harmonic on BHEL
Hi Guys.. Hope everyone had a profitable week.
Here on BHEL chart, it looks like Cypher will complete soon giving us an opportunity to get into short trade. Previous support near pattern completion gives additional confirmation on short entry. Cypher has low risk/reward compare to other harmonics but has higher winning percentage.
Potential Trade:
Short Entry: 152.50
Target 1: 138.50
Target 2: 130
Good Luck!!!
Here on BHEL chart, it looks like Cypher will complete soon giving us an opportunity to get into short trade. Previous support near pattern completion gives additional confirmation on short entry. Cypher has low risk/reward compare to other harmonics but has higher winning percentage.
Potential Trade:
Short Entry: 152.50
Target 1: 138.50
Target 2: 130
Good Luck!!!
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