IBULHSGFIN in shark PRZ showing weakness and if its unable to close above 891 we can go for a dip in it.
CMP 864.5
SL 891
TGT1 779
TGT2 718
Risk-Reward Analysis
Entry 866.5
SL 891
Target 1 779
Target 2 719
Reward min 87.5
Reward max 147.5
risk 24.5
ROR1 3.6
ROR2 6
If you feel SL is big wait for the pullback in lower timeframe and can short it.
Disclaimer: All...
It is been observed that the price action formed a bearish ABCD harmonic pattern on daily and hourly chart indicating further move down.
Target: 500
Stoploss: 520
NIFTY after the strong rally is finding hard near 50% of fibo swing and also near the PRZ of #CYPHER #HARMONIC pattern.
good ROR for short available.
SL 8475
Target1 8242/8107