INFY
whole IT sector at resistance and that i said few days back as well that IT sector Heading towards resistance.
as per this pattern Potential Reversal Zone is
PRZ 1 :- 1574.10
PRZ 2 :- 1584.90
Stop Loss :- 1635.10
so ultimately from PRZ 1 to Stop loss this whole Zone can act as resistance and to trade on this pattern you should have knowledge of reversal trading as Harmonic is all about ultimate reversal trading strategy.
advantage here in this chart :- reversal candle at PRZ so we might get reversal trade in upcoming session
disadvantage in this chart :- as per this Harmonic pattern stop loss is quite big so trade only on reversal.
Learn . Apply . Grow
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.