Fibonacci price extensions level 1.27 was surpassed now the next level to be checked is 16221 from their mkt might give u 1-2% down move upto 15750..the resistance now will then act as support.. And u may again go long if support is taken at 15750 levels
Just for remembering i m posting it for myself
Xabcd might complete at 4530 above level
Ppap targets xabcd bullish pattern on weekly
Xabcd pattern will form in weekly chart when stock corrects till 27 rs level
Abcd completion is at 1.27 8% retracement hence it is the target
Cmp 205 Stop loss 169 Abcd pattern may form in 35 weeks
Harmonic abcd trade with very good risk reward of 4.5 Target is expected to be achieved in 45-60 days
First retacement upto D ia completed then from d to c , one closing is needed above c, stop loss below D and target at C A=33900 B=32160 C=32200 D=espected to be at 31900-32000
Abcd is one of harmonics It is bullish abcd pattern implying the target will move atleast near c or at c or beyond So c is the target which is 220 and also a resistance point