Jamna Auto in the daily chart showing a bearish reversal as per Harmonic Cypher Pattern.
Strategy:
One can enter a short trade at or below 57 ( Fibonacci 0.786 level) with a Stoploss of 65. The exit may be planned at 31 marks.
Risk Reward ratio -: 1:2.5
Strategy:
One can enter a short trade at or below 57 ( Fibonacci 0.786 level) with a Stoploss of 65. The exit may be planned at 31 marks.
Risk Reward ratio -: 1:2.5
Trade closed: stop reached