If you go n check on larger time frame TaMo is on very good support & with Bullish Bat patter completion around the support zone. So, its ideal for us to expect a move towards 450's zone.
But if you notice keenly, risk-reward will be skewed on this particular setup as we had gapup open today in Tata motors, so if you wanna tackle that comfortably Go down on 1 hr timeframe, there is good rectangle like channel, though it looks cramped on 4hrs chart. So, if one goes by it one can achieve comfortable risk-reward but you need to ditch harmonics.
The Point is if you are trading harmonic as setup, place harmonic stops. If you are trading channels, go for stops based on it, Don't mix n match here as Risk-reward will get skewed :)
But if you notice keenly, risk-reward will be skewed on this particular setup as we had gapup open today in Tata motors, so if you wanna tackle that comfortably Go down on 1 hr timeframe, there is good rectangle like channel, though it looks cramped on 4hrs chart. So, if one goes by it one can achieve comfortable risk-reward but you need to ditch harmonics.
The Point is if you are trading harmonic as setup, place harmonic stops. If you are trading channels, go for stops based on it, Don't mix n match here as Risk-reward will get skewed :)
ความคิดเห็น:
Though it started slow, Getting well n good & This is what harmonic is :)
ความคิดเห็น:
Get ready to book profits, TataMotors reaching for 450's
ความคิดเห็น:
Targets done, trial for 460's on remaining if you wish to.
