Whoever holding this stock from lower level, then can keep stop loss at 238(closing basis) whoever want to take trade they need to understand first current candle and that's DOJI if break low then it might take next support at 238 and if break high of current DOJI then it will activate this harmonic chart and long side target would be 299 on trailing basis.
ones ITC activate this pattern one can short ITC if find reversal.
📌 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.
@Sai_Kumar, that's y one has to read this " 📌 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 .".
Sai_Kumar
â‹…
Bruv.. I've read that already, but maybe you missed something in my comment------> "Very Often".
a little nicer comments with a little less ego would have been much appreciated.
Why not check your own idea on ITC, published on 30th March.
Did you just change the harmonic pattern because the previous one failed? You could have admitted the pattern failing and updated the same idea.
I don't intend to be rude, but you've got to start replying to comments in a constructive way.
linesandlevels
â‹…
@Sai_Kumar, don't know y u felt that i was rude and ego & all that, there is no Holi grail here in this market everyone knows that. that pattern is failed thats y i had to post another one na? hope you understand that every system has some defects. here in my harmonic system there is always stop loss when it hit just get out from that trade but if u check out all posts then u can identify that amazing Risk reward ratio. and if you say about " very often" then even any system can fail hope you know that. but at the end profit and risk reward ratio matters. anyways there was no constructive or destructive way, i was just explaining about my ideas.