#AdityaBirlaCapital #ABCapital at Harmonic Support NSE:ABCAPITAL
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns.
📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone).
📌 As One can see, This Pattern has Been Made on Bigger Time
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ABCAPITAL trade ideas
#ABCAPITAL Stock is taking support from 100 (EMA), and have formed multiple reversal candles at the bottom & also formed inverted hand and shoulder on MTF.
Buy at 111 (CMP) & use every dip to accumulate for the TARGET of 120, 146+
& POSITIONAL TARGET: 170 & 205++
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DISCLAIMER: I'm not SEBI registered. The information provided here is for educational purposes only. I'll not be responsible for any of your profit/loss with this channel's suggestions. Consult your financial advisor before making any decisions.
Aditya Birla CapitalABCAP can give us a nice trade but risky as sgx nifty already 100+ points down stock can open gapdown,risky traders can shot if gapdown with last 15min candle high above as sl & if not gapdown can wait for reversal candle like doji or bullish engulfing,if formed can go with buy with reversal candle low below as sl for minimun 1:2+take profit,as my stratergy gives me 50+%of accuracy i follow strict 1:2 minimum take profit orelse it would be difficult to survive in market