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Dinesh_C_Nagpal

NIFTY FINANCIAL INDEX

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Nifty Financial Services Index (NSE:CNXFINANCE)  
Dinesh_C_Nagpal  
NSE:CNXFINANCE   Nifty Financial Services Index
Harmonic Patterns Trend Analysis Chart Patterns CNXFINANCE financialstocks nbfc bankstocks harmonicbat harmonicmoves harmonicwaves harmonicsignals NIFTY
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harmonicpatterns trendanalysis chartpattern cnxfinance financialstocks nbfc bankstocks harmonicbat harmonicmoves harmonicwaves harmonicsignals nifty
At the PRZ of a bearish Harmonic Bat in Weekly time frame it made a bearish reversal Candlestick today. A follow through tomorrow onwards would confirm a downward move for 13250 and below that for 12000. The view would negate if it sustains above today's high.
The index constitutes of all the large Banks and large Finance companies.
Harmonic Bat is a 5 points pattern based on specific Fibonacci Ratios which signal a reversal of trend for 38-50-62% of the last leg of the trend ending.
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