FABL potential Buy setup
Reasons for bullish bias:
- Price respecting upward trendline
- Harmonic AB=CD pattern formation
- Price is at horizontal support
- Safe entry can be taken after a bullish candle closing
- No divergence
Here are the recommended trading levels:
Entry Level(CMP): 47.15
Stop Loss Level: Closing below 43.5
Take Profit Level 1: 52.59
Take Profit Level 2: 57.41
Take Profit Level 3: 72
- Price respecting upward trendline
- Harmonic AB=CD pattern formation
- Price is at horizontal support
- Safe entry can be taken after a bullish candle closing
- No divergence
Here are the recommended trading levels:
Entry Level(CMP): 47.15
Stop Loss Level: Closing below 43.5
Take Profit Level 1: 52.59
Take Profit Level 2: 57.41
Take Profit Level 3: 72
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