Entry-Exit Strategy (Bullish Harmonic + W Pattern)
Entry (Buy Zone):
Price Range: ₹110 - ₹114
The stock has broken out above the neckline (around 110) and is currently trading at 112.83.
This zone is ideal for a breakout pullback entry.
Stop Loss (Risk Control):
Stop Loss: ₹98
This is just below the recent bottom (Point C).
If the price closes below ₹98, the pattern becomes invalid.
Target Levels (Profit Booking):
Target Price Level Reason
Target 1--125 First resistance / Fibonacci level Target 2--138 Previous major swing high Target 3--150 Harmonic pattern completion
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DISCLAIMER: I am NOT a SEBI registered advisor or a financial adviser. All the views are for educational purpose only
Entry (Buy Zone):
Price Range: ₹110 - ₹114
The stock has broken out above the neckline (around 110) and is currently trading at 112.83.
This zone is ideal for a breakout pullback entry.
Stop Loss (Risk Control):
Stop Loss: ₹98
This is just below the recent bottom (Point C).
If the price closes below ₹98, the pattern becomes invalid.
Target Levels (Profit Booking):
Target Price Level Reason
Target 1--125 First resistance / Fibonacci level Target 2--138 Previous major swing high Target 3--150 Harmonic pattern completion
If you find this helpful and want more FREE forecasts in TradingView, Hit the 'BOOST' button
Drop some feedback in the comments below! (e.g., What did you find most useful?
How can we improve?)
Your support is appreciated!
Now, it's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Have a successful week
DISCLAIMER: I am NOT a SEBI registered advisor or a financial adviser. All the views are for educational purpose only
Related publications
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.
Related publications
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.