NSE:HCLTECH As One can see bearish Harmonic pattern on HCL Technologies stock chart we are using this pattern for target first and then if we find resistance or reversal sign at PRZ then after such conformation we could go short as well.
📌 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.
you have selected "Long" and given bearish view. please correct
linesandlevels
â‹…
@vinoth_ragunathan, read captions , i am using harmonic mostly for targets as we have already given long view from swing low on our website well before reversal.
vinoth_ragunathan
â‹…
@linesandlevels, you are correct sir, but here, your description says bearish and the tab you selected "Long" instead of "Short".