Maithan Alloy Ltd. is in Harmonic Bullish Shark Pattern on its Daily Chart.
B point retrenched less than 0.786 Fibonacci level of XA leg.
C point is the extension of XA 1.13 to 1.618 Fibonacci level.
and D point is the Projection of XA 0.886 level and BC 1.13 level, which shows the same price point i.e Rs.666/-.
Eventually, this should be the target of this stock before reversal.
This analysis is for educational purpose.
B point retrenched less than 0.786 Fibonacci level of XA leg.
C point is the extension of XA 1.13 to 1.618 Fibonacci level.
and D point is the Projection of XA 0.886 level and BC 1.13 level, which shows the same price point i.e Rs.666/-.
Eventually, this should be the target of this stock before reversal.
This analysis is for educational purpose.
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