LONG TERM TARGET FOR APOLLO HOSPITALSWe can see a strong breakout on monthly basis in " Apollo Hospitals ". The current monthly candle is undergoing a retracement to test the level of breakout. If the breakout is genuine, after retracement, there will be signs of bullish reversal. This indicates that the current trend is about to continue and for that I've used the ABCD pattern of Harmonics to find the next target of the current impulse wave. For entry with a good Risk-to-Reward Ratio, we need to switch to a lower timeframe and look for that "Bullish Reversal Pattern".
Abcdpatterns
BAJAJ AUTO GETTING PREPARED FOR ANOTHER RALLYBajaj Auto is currently near it's ATH, and is getting ready for another rally in short term. The target is calculated using the ABCD pattern of Harmonics. Current daily candle tried to break ATH level but gave a closing below it. So, candle closing above 8700 will decide whether it will move upside or not. However, this is a perfect example of price action of a bullish market!