First Long Above 4020 & Later Sell if faces resistance in 4250-4350 Zone.
A bearish crab "can" get completed in the zone 4250-4350. I never use incomplete harmonic pattern to predict as we never this will become true or fail but yes if at all it becomes true & moving above 4020 -If Hero Moto Corp Travels to 4250-4350 - One should be careful as we have reducing volume. If It faces resistance then yes we look to sell in the range 4250-4350.
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14:15 Hrs 16th Aug2017
Last Price@4040
Started moving above 4020 level- key level.
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14:36 Hrs 17th Aug2017
Last Price@4014
If entered above 4020 & was taken for a ride to 3975 lows - time to exit close to entry price 4015-4020 & wait outside.
@SatyamMishra, It seems that It could attempt again lows below 3975 once it starts going below 4000. Stops downside are big below 3800 so likely I will suggest to exit close to 4015-4020 & enter if you see support coming in 3940-3950 zone once you see that prices are holding downside next.
WaveTalks
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@SatyamMishra, Hi, I have even suggested you so many times that when you enter any trade - never allow price to go below your entry level which was 4018-4020 then why you did not trailed your stops to cost price which is always a requirement in trading. In that case, you will just have brokerage loss & you can get another chance later.
SatyamMishra
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@AbhishekHSinghCMT, exactly did that was out of trade at 4022 just cross checking that what I did was correct or not
WaveTalks
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@SatyamMishra, That is how you manage your risk. Trades can come & go but you should never remain in a call if it goes below your entry level. Next keep a watch if it falls to 3940-3950 holds & start mving upside that could be new entry zone.