NSE:MARICO   MARICO LTD
Harmonic Pattern ABCD with Fibo levels and SR levels plotted.

Already has reacted at the PRZ.

If possible more short coming
Comment: Good reaction at PRZ.. Couldnt sustain upwards movement.. And finally came down.. Closed below 1st Fibo level with body of candle,...
Expecting more downward movement next week.
Hello Greg, any target for short side ...
Reply
gregferns anbulina
@anbulina,

I've made another chart for you... Added SR levels...
See the band i've marked in Yellow... Thats a resistance turned support zone.... If it manages to break this zone downwards, then there is a small support at the blue line... Otherwise next Fibo level is the support....

Best of luck...

Reply
gregferns gregferns
@gregferns,

If you are thinking of shorting on monday please watch before you trade as Monday market will mostly be volatile and upside...
Reply
anbulina gregferns
@gregferns, Its really fantastic.. will wait for monday movement and then go with short sell :) , Thanks a lot and have a great weekend ...
Reply
gregferns anbulina
@anbulina,

Have a gr8 weekend,,, .... Cheers
+1 Reply
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