Bank Nifty : Why did it fall 3% From Highs of 30008 (Harmonics)

Dear All At Tradingview ,

I hope you all are learning from my charts .

This time , I have mentioned the reason of fall in Bank Nifty & Why did it rise from Lows of 24240 formed in October .

Answer is ABCD Patterns . Ask any query on comment box or DM me .

Some Basics of ABCD Pattern :

The AB=CD pattern is a 4-point price structure where the initial price segment is partially retraced and followed by an equidistant move from the completion of the pullback.

In the AB=CD , the C point will be a defining level for the completion of the pattern. Although the BC projection is critical in this structure, the most significant harmonic number is the exact completion point of the AB=CD .

Hope You will like My Idea ; Hit Like Button for Supporting & Comment your view in Comments Section .

Disclosure : I am not A SEBI Registered Technical Analyst !

Regards ,

Mohit Jangir (KBMJ)

Happy Trading !!!


@Parasuram Sir , What's your opinion ? Will we get a pullback from here ?
@kbmj, i doubt... it may go down only
+1 Reply
kbmj Parasuram
@Parasuram, Okay Sir :)
@kbmj, As I had told you earlier, we will have to watch whether the fall extends beyond 2-3 days.. then it might last for 6-8 days.
+1 Reply
kbmj Parasuram
@Parasuram, Yes Sir ; I remember :)
kacharts Parasuram
@Parasuram, it was simple candlestick which was suggesting a upmove today
+1 Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out