Yesbank
yesbank the MOST ACCURATE harmonic pattern (DEEP CRAB PATTERN)It is a perfect pattern with the most PERFECT AND ACCURATE HARMONIC LEVELS. risk to reward is also extremely good with stop loss being only 14.25 on candle close basis.
Now 1.618XA level is seen at 18.70 + 1.618AB=CD is seen at 18.95 + 2.0BC=CD is seen at 19.30
So our potential reversal zone is in range 18.70-19.35
From 14.70 to 19.35 we can capture 4.65 rupees
good luck
trade and invest at your own risk
note: its a very perfect pattern with precise .886 harmonic level which is rarely seen . enjoy the ride
Yes bankthe main draw back with this stock is that it is below 200 EMA. that is not suitable for long term bait but for this stock we have special strategy and what is the strategy that first we enter for short and mid term when the stock cross the 200 EMA. we will continue be in trade for long term but if it is rejected from 200 EMA we will close the trade