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Bullish Harmonic Pattern - NTPC (4Hrs)

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NTPC LTD (NSE:NTPC)  
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NSE:NTPC   NTPC LTD
Harmonic Patterns Bullish Bat Bat AB=CD potentialreversalzone PRZ harmonictraders swingtrade
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harmonicpatterns bullishbat batpattern abcdpattern potentialreversalzone prz harmonictraders swingtrade
Hello Traders,

I have spotted Bullish BAT pattern on NTPC. Potential Reversal Zone (PRZ) is highlighted on the chart. This time, we have little wide PRZ. It is made of 1.27AB, 0.886XA and BC Fibonacci ratio confluence. Once price enters into the PRZ, one can take a long entry. This potential swing trade has a risk/reward ratio of 1:1.4 for Target-1 and 1:2.3 for Target-2.

Follow this idea for further updates.

Happy Trading!
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