Short
L&T Infotech Stock - Shark Pattern complete
I dont usually trade stocks but I saw this setup on the chart
Shark pattern formation and price is now resting a little above 1.618 which makes shark pattern D leg complete.
Minimum retracement expected is 38.2% and 50% but I have provided 4 different targets.
It is overbought on lower timeframe and has small bearish divergence.
Shark pattern usually consists of 5-0 which is a continuation pattern, so I wont be surprised if stock moves further high!
Shark pattern formation and price is now resting a little above 1.618 which makes shark pattern D leg complete.
Minimum retracement expected is 38.2% and 50% but I have provided 4 different targets.
It is overbought on lower timeframe and has small bearish divergence.
Shark pattern usually consists of 5-0 which is a continuation pattern, so I wont be surprised if stock moves further high!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.