Hind Petro - Bearish Harmonic Short

NSE:HINDPETRO15

HINDUSTAN PETROLNSE

Description

⋅ Nov 10, 2016 8:10 AM

* Bearish Harmonic
* Overbought RSI

Trade closed: target reached

⋅ Nov 11, 2016 4:55 AM

Comments

priyanksaxena

⋅ Nov 11, 2016 4:07 AM

what's the target?

bbrijesh

⋅ Nov 11, 2016 4:17 AM

@priyanksaxena, ~440-442

Pavan7575

⋅ Nov 10, 2016 8:25 AM

Hi Brijesh. Shouldn't the wave marked as 'c' be Higher than 'a' as per the pattern. Should'nt it be 38.2-88.6% retracement of the move from ab.... Just wanted to understand if I have understood this pattern right...

bbrijesh

⋅ Nov 10, 2016 8:28 AM

@Pavan7575, This is anti-butterfly pattern