Bank is following the shark harmonic pattern
in monthly time frame. Trend line
breakout was seen at 35 rupees which was best to enter the stock . Now the target point according to shark
can be either .886 to 1.13 range which completes at point D as we see in all other harmonic patterns
. Now, B to D(1.618) must be near to point D as much as possible. So, we used point D at 1.13 not .886 . According to this pattern our potential reversal zone range is 83.35-89.90. Maintain stop loss of 55.60 on candle close basis, use one day candle for this.
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