Banknifty is standing on a Harmonic PRZ(Potential Reversal Area) 2.00
Whatis Harmonic??
Harmonic trading refers to the idea that trends are harmonic phenomena, meaning they can subdivided into smaller or larger waves that may predict price direction.
In the previous reversal(As shown reversal 01) as per harmonic level 1.2 is the potential reversal zone area where market is satarted the bull run, bull run is confirmed by another harmonic point 0.575 then you can see how nice its move.
But keep in mind that harmonic is only to know the direction of the market, real market in itraday is an another form of trading, where you can find support and resistance with trendline to take position on intraday..
Whatis Harmonic??
Harmonic trading refers to the idea that trends are harmonic phenomena, meaning they can subdivided into smaller or larger waves that may predict price direction.
In the previous reversal(As shown reversal 01) as per harmonic level 1.2 is the potential reversal zone area where market is satarted the bull run, bull run is confirmed by another harmonic point 0.575 then you can see how nice its move.
But keep in mind that harmonic is only to know the direction of the market, real market in itraday is an another form of trading, where you can find support and resistance with trendline to take position on intraday..