Coal India showing Ross Hook pattern

2021年10月21日

Coal India showing Ross Hook pattern :

Reasons/Traits :

• Ross Hook Pattern formation can be seen
• It can also be called as Bear Pattern 1-2-3 (Entry stop loss marked); 1:2/3/4 can used as risk reward if it follows
• Price took support @ 0.5 fib retracements levels
• Volume and RSI decreasing
• Bullish Bat formation taking place (not confirmed yet)

What can happen next :

Scenario 1 : Price sustaining above 185 level can take it to 192/200/205/210/220 levels
Scenario 2 : Price break down below 177 levels can take it down to 170/164/160/152 levels


Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!

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2021年10月29日

注释

scenario first two targets hit

2021年11月26日

注释

scenario 2 all targets hit and bullish bat harmonic pattern completed

2021年12月10日

交易结束：到达目标

until resistences broken, it wont go up..