BANK NIFTY TARGET MORE THAN 33000 Long

Nifty Bank IndexNSE

Description

⋅ Jan 12, 2020 5:26 PM

DEVELOPING BEARISH BUTTERFLY
PRZ MAY TAKE IT TO 1.27-1.618 EXTENSION OF XA
WHICH IS MORE THAN 33000
WAIT FOR BANK NIFTY TO HIT ALL TIME HIGH AGAIN

Comments

SushantBhargava

⋅ Jan 13, 2020 2:09 PM

Hi Bijoy,
Thanks for your posts. I regularly follow them.
I have a query regarding Bullish Shark pattern above, isn't it necessary for point C to be after point B on time frame?
Regards,
Sushant

bijoy2526

⋅ Jan 13, 2020 3:32 PM

@SushantBhargava, thanks for asking two harmonic patterns have been merged previous one bullish shark
hence overlapping occurring.

SushantBhargava

⋅ Jan 13, 2020 5:37 PM

@bijoy2526, Sorry for the confusion, my query was for bearish butterfly pattern, wherein 'C' should lie on 7-Oct week low rather than 16-Sep, as 'B' high point is taken on 23-Sep.
Regards,

bijoy2526

⋅ Jan 13, 2020 5:41 PM

@SushantBhargava, yes thanks for pointing out.yes it should be.

bijoy2526

⋅ Jan 13, 2020 5:45 PM

@bijoy2526, yes c point to be shifted to the right to 7 th oct low.thanks very much for pointing

SushantBhargava

⋅ Jan 13, 2020 6:34 PM

@bijoy2526, thanks for the confirmation

bijoy2526

⋅ Jan 13, 2020 6:38 PM

@SushantBhargava, welcome . that point had escaped my notice.