Iam very new to the concept called harmonic trading. Last night i
was just scrolling my Ami IEOD Charts using harmonic AFL and
found lots of interesting patterns. Out of those i like to keep an
observation on Petronet as it is showing Bullish Crab Pattern in
15min charts Still now my knowledge about crab pattern is a potential
reversal pattern which can be played with tighter stop loss. Though
Iam not sure about the targets ,I had taken fibonacci as a tool to
project my target. 38.2% of & 50% retracement which comes near
Rs72.48 and and Rs73.08 respectivelyJust formulated my ideal trade here before getting into observation
1)Wait for the supports 70-70.6 zone to hold on opening
2)Enter the trade near support zone with 2%Rs68.5-Rs69 Approx)
3)Close the trade if the Stop Loss/Target Hits
Related Readings and Observations
Nifty Long term GANN FAN Lines
Nifty long term GANN Support comes near 5180 zone. Failure to hold on EOD basis will bring medium term weakness in the nifty trend.Source:
www.marketcalls.in
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Is this an astrology chart?Where to get this chart. I wantto know more about it
@Meera Crab Pattern shown here is notrelated to kadaka rashi or something elseIts purely harmonic patternsCheck it out hereHarmonic Patterns and AFL code