Hello and welcome to this strategy in ACC a large cap Cement sector stock.
It has made a Bearish Harmonic Alt Shark in hourly time frame suggesting downside levels of 2375/2300 as long as it stays below 2495.
Harmonic patterns are based on Fibonacci ratios coming into alignment. They indicate reversal of trend for retracements of 38-50-62% and more depending on the strength of reversal and overall trend.
Risk Reward : 50 : 70 & 140
Suggested Time frame: 2-3 weeks
It has made a Bearish Harmonic Alt Shark in hourly time frame suggesting downside levels of 2375/2300 as long as it stays below 2495.
Harmonic patterns are based on Fibonacci ratios coming into alignment. They indicate reversal of trend for retracements of 38-50-62% and more depending on the strength of reversal and overall trend.
Risk Reward : 50 : 70 & 140
Suggested Time frame: 2-3 weeks
Webinar recordings available
t.co/3mGWp29Xkb
t.co/3mGWp29Xkb