sanstocktrader
Long

Bullish AB=CD pattern PRZ 88.35-87.95

NSE:TRIDENT   TRIDENT LTD
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Bullish AB=CD pattern PRZ 88.35-87.95 in support zone
Trident looks very close to support line and 200 EMA.. might bounce from here.. Also RSI show bullish divergence and is in over sold condition... increasing chances of bounce from here.. Whats ur analysis ?
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Hello. Please forgive my ingnorance but shouldn't the BC leg be a .618 Fib Retracement of leg AB for a valid AB=CD pattern or is .768 retracement acceptable as well? Thank you.
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Possibility of reversal
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