nirav5

NIFTY calling

NSE:NIFTY   Nifty 50 Index
2
When any stock or index is moving in a channel, Harmonic pattern can be very useful in predicting possible breakouts.
If Nifty holds 8500 and starts moving upside then possibly we can have a D leg of a Bearish harmonic pattern in the making.
You can pick multiple X from the channel resistance.
There are other patterns too in the current Nifty chart.
Comment: This channel is full of structures. It all depends whether Nifty can hold 8500 tomorrow and show some reversal sign.
Comment: Nifty failed to hold 8500 and structures also failed. Nifty saved by the bell or previous support line will be watchful.
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