federal bank double harmonic study

Oct 18, 2021

As we can see smaller pattern has been achieved at D and it has made doji or indecisive candle and if stock falls from here then we can safely long it at 89 as after breakout this line has not been retested so we can expect bounce off this line and movement has been shown with blue arrows. After taking support on this trendline at 89, bigger harmonic pattern will be active and exit your longs at 105
good day !
Note; stock may directly go towards target but will be a little risky i am not in favor of that move

Oct 22, 2021

Trade closed: target reached

perfect target achieved