At Support Zone.
Potential Harmonic Pattern Gartley In Process...
Other Details Mentioned In Chart.
Positional View For Educational Purpose Only.
Please Consult Your Financial Advisor Before Taking Any Decision.
I am not SEBI Registered Financial Advisor.
There is a buy on monthly time frame, however weekly remains neutral. On daily chart, since past 3 days price didn't move to take out resistance levels of 1509.10 and 1525.00 in one go. Price rise was sluggish just to take out key resistance level of 1509.10 yesterday.
This scenario has a high probability of being a bull-trap.
Go short below 1509.10 with stop...
here it is showing bullish shark pattern which may complete and its prz is 1434-1451.
And if we find any reversal candlestick pattern there, we can go for buy positional.
There is also support just below the PRZ.