praveen.bhatiya

Three Line Strike at AB = CD PRZ Trend continue or reversal?

NSE:HINDPETRO   HINDUSTAN PETROL
The stock was in downtrend has given breakout from descending Triangle pattern. Price made a strong Bullish Three Line Strike which is a reliable pattern that too is at the Price Reversal Zone of AB = CD harmonic pattern . The reversal got resisted at the previous support line and affected by volatile budget session. Let's put it into watch list and observe the price movement on coming days at this interesting level. One can go long if it shows sign of strength or short if it closes some ticks below the recent low.

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