safri

Bullish Harmonic Pattern - NTPC (4Hrs)

Long
NSE:NTPC   NTPC LTD
Hello Traders,

I have spotted Bullish BAT pattern on NTPC . Potential Reversal Zone (PRZ) is highlighted on the chart. This time, we have little wide PRZ. It is made of 1.27AB, 0.886XA and BC Fibonacci ratio confluence. Once price enters into the PRZ, one can take a long entry. This potential swing trade has a risk/reward ratio of 1:1.4 for Target-1 and 1:2.3 for Target-2.

Follow this idea for further updates.

Happy Trading!

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