Hello and welcome to this analysis
In the monthly time frame it formed a Bearish Harmonic ABCD in JAN 2022 near 590 and since then has retraced 62% of its last leg.
In the weekly time frame it has formed a Bullish Harmonic Gartley around 315 suggesting the correction is most likely over.
It can be a good stock to accumulate between 330-370 for upside levels of 420-500-650. The view would be considered invalid below 285.
Good risk reward set up for medium to long term at the current level.
Happy Investing
In the monthly time frame it formed a Bearish Harmonic ABCD in JAN 2022 near 590 and since then has retraced 62% of its last leg.
In the weekly time frame it has formed a Bullish Harmonic Gartley around 315 suggesting the correction is most likely over.
It can be a good stock to accumulate between 330-370 for upside levels of 420-500-650. The view would be considered invalid below 285.
Good risk reward set up for medium to long term at the current level.
Happy Investing
Online courses on Harmonic Trading Patterns, Ichimoku & Trading Psychology Risk Management
t.co/3mGWp29Xkb
t.co/3mGWp29Xkb
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Online courses on Harmonic Trading Patterns, Ichimoku & Trading Psychology Risk Management
t.co/3mGWp29Xkb
t.co/3mGWp29Xkb
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.