GODREJ PROP - Harmonics Pattern
Updated
long @ 1209 - 1239
Target 1: 1279
Target 2: 1318
Stoploss @ 1162 - only if it strongly closes below this SL.
This is for education purpose only!
Target 1: 1279
Target 2: 1318
Stoploss @ 1162 - only if it strongly closes below this SL.
This is for education purpose only!
Note
100% retracement of X is completed.. its tricky to hold this position but reversal started.. once again entered above previous day high at 1173. Stoploss will be today's low at 1143.20 point stoploss and target will be 40 and 80 points.
Note
40 points of Target 1 reached. Wait for Target 2 of another 40 points...Trade closed: target reached
Both targets reached. Its not perfect harmonics. But managing trade accordingly will still fetch profit returns. If i say SL its only on closing basis and never the wick on daily time frame.
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