subravi

Nifty 15690 - AB=CD pattern

Long
NSE:NIFTY   Nifty 50 Index
Nifty 15690 - If follows AB=CD then Nifty could test 159998 between 14 June to 17 July 2021.
Comment: Nifty has broken support 15698.
Order cancelled: Nifty doesn't fit to AB=CD pattern as AB and CD are not equal in time. Thanks to starttrade2020 for pointing out this. This Posted view is cancelled.

Comments

there will be a big fall in 10-20 june period(app 1000point correction)after that fresh bull wave will start.
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subravi ckirtane
@ckirtane,Could you please post the reasoning/study behind that ?
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@subravi, AB and CD should be equal in time and price but dont you think its taking much more time in CD?
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subravi starttrade2020
@starttrade2020, Yes, You are correct. I missed that point. Thanks for pointing out. So Nifty doesn't fit AB=CD pattern and negated the view.
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