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.

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Disclosure : I am not A SEBI Registered Technical Analyst !

Regards ,

Mohit Jangir (KBMJ)

Happy Trading !!!


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