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
Nifty Auto is now reacting from Monthly supply zone as well as there is a hamonic pattern.
Looking at current buying pressure this will be risky setup but lets observe how it will react.
TREND ANALYSIS & TRADE SETUP
Wave Analysis & Harmonic Chart Pattern .
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
Wait for entry setup, if available then Long/short.
Reward is 5-10 Times