today I have prepared a setup of HCC on NSE
the analysis is as follows-
- the price is on a good bullish trend with efficient price action
- price is currently forming a triangle pattern
- the trendline has been tested 3 times earlier
- the price also tried to break out the equal high static resistance but failed with a wick only
- now if momentum...
Cmp - 10
Stop - Nil, Add more on relevant dips
T1 - 16
T2 - Open, Review at 16
Expected Holding Period - 2 months or earlier for T1
Technicals - ✅
Fundamentals - ✅
Ideas being shared only for educational purpose
Please do your own research or consult your financial advisor before investing
The bottom has been expected to be the juntion of the following..
1.S3 support 2.ML of PF 0.58% 3.Ml of a Longer term PF 0.58% (yellow) 3.2.24 fib level of the harmonic impulse 4.previous bottom
Although there is a Bullish BAt Harmonic formation , which marks a reversal level from its PRZ , but interestingly the PRZ limit dosent match any support level by any...