Hello & welcome to this analysis
The H&S formation saw it complete its minimum breakdown of 1-1.27x Fibonacci extension.
Today in the daily time frame it completed the formation of a Bullish Harmonic Gartley suggesting a reversal from the current level (3900) for 4250 and 4400 as long as it does not go below 3800.
Happy Investing
Bearish Bat Harmonic Pattern at the tops of 38231. Sell Triggers below 37941
Trading Strategy
Traders have to sell once it triggers below 37941 with recent high as stop loss later.
Targets
1st Target - 37655
2nd Target - 37522
3rd Target - 37249
Thank You.
Date: 23/5/22
Stock: Aegis Logistics
Reason: Chart is self explanatory, Volume accumulation going on, retest done after BO on weekly chart, Inverse H & S pattern forming on daily chart.
Major resistance is 250 for longterm
Buy: At cmp for swing trade for target 250 and for longterm buy after 250 BO.
SL: 170 major resistance
The chart is for study purposes and not a buy or sell recommendation. I am a student trying to learn harmonic patterns and their potential. This analysis serves as a log to track my studies
INFO EDGE
1- INFO EDGE is a range from last few days, most of the time whenever the stock comes out of range, They move like crazy
example - You may check PolyCab ( 13th Jan Chart)
2- Once Point B is broken then the Harmonic Pattern will get activated
3- It is making a perfect Flag and pole Patterns which itself again one of the bullish Patterns
- All these...
