Hero Motors - ABCD Bullish Pattern

26 thg 10, 2016

It is been observed that the price action forming a bullish ABCD pattern, indicating further move up. It has retraced to 23.6% levels and now it shall further move up to 38.2% levels.

Target: 3482
Stoploss: 3375

27 thg 10, 2016

Giao dịch đang hoạt động

Opened up at 3470 close to target but drops immediately after that, signaling selling pressure. Now, if it breaks and closes below 3322 levels, then it shall further move down.

27 thg 10, 2016

Đóng lệnh: dừng lỗ

The pattern did work out well due to this reason:

Lesson: "If C retraces ~61.80% of AB, D should be 161.80% of BC" suggested by bbrijesh