This how we pick bottoms using price action and harmonic pattern.
Easily gain more than 100 points in nifty.
This Post is for education purpose.
Thanks.
This is how we use Hamonic patterns with price action to get clear entry, exit and stop loss.
We have Risk reward ratio shiv is more than 1:3.
Easily find bottom and and get more than 100 points.
Done for today.
This post is for educational purpose.
Thanks.
Union bank is making ABCD harmonic pattern in 15 minutes chart.
If open without gap up or gap down and sustain above PRZ(Potential reversal zone).
We can consider it for long position.
This is for education purpose only.
As today's session we have seen a gap up but after that index did not move much and remain mostly in a range.
So, tomorrow is weekly expiry.
Form the chart we can say that any long position should be considered if price sustain above 17200.
Target should be 17300 to 17350.
We can think about short only when price sustain below 17000.
Target should be 17900 , 17800...
Index is in between crucial suport zone of 17800 to 17900.
RSI is also indicating that, it is in oversold mode.
So, our view can be upside for today's trading session.
Although market is very volatile because of Ukraine Russia conflict.
So, don't accept one sided move from index and strictly follow your Risk Reward and money management.
Thanks.
