I believe it's in a harmonic pattern and has already netted decent returns. In my view, it will continue down to around 960-975 levels before starting uptrend. Please share your views.
sankarghatak
⋅
@smghasan7, So far my knowledge, Both Cypher & Shark has Point "C" is Higher than Point "A"
But for Cypher Pattern, Point C = 1.272 to 1.414 of XA, here it MISSES
For "Shark" POINT C = 1.13 to 1.618 Here C = 1.414.
So can Called Harmonic SHARK.
Next Chosen of Point "X" is not Correct. I think point "X" must be End Of a Major WAVE.
sankarghatak
⋅
@smghasan7, Also Watch TATAMTRDVR Weekly Chart, Harmonic pattern. Also Change Time frame to DAILY.
I believe it's in a harmonic pattern and has already netted decent returns. In my view, it will continue down to around 960-975 levels before starting uptrend. Please share your views.