Hii Everyone, I back with another analysis of Bhartiairtel. I am expecting a up move in coming days for following reasons :-
1. Near strong weekly Support ( yellow bar).
2. Follows same inverted round bottom format twice.
3. Corrected very much and with a high pace, so a pull back is expected.
4. Risk to reward is good here.
stock was in uptrend in smaller time frame. According to CPR concepts, any pullback to cpr with low volumes and bullish price action in an uptrend is a potential buying opportunity.
HEROMOTO has formed a higher high with rsi didnt make a new high or test the previous high
a break above or below the triangle can result is a trending move
Taking example of the UPL Chart, I present my technique of exits.
Material depicts only past experiences from my small world of trading. We present this only for educational purposes without any monetary consideration. Do your risk management and enter / exit positions.
If you earn from our material, please consider donating 1% to education of poor children.
HDFC Bank reversed from a Bearish Harmonic Bat and now has activated a Bearish C Clamp as per Ichimoku study. It faces resistance at 1210 and it could retrace till 1130/1080 provided it does not breach above 1240
Harmonic Trading Patterns are formations based on Fibonacci Ratios which indicate reversal of a trend with retracement levels of 38-50-62% of the trend...
