Nifty 15690 - AB=CD pattern Long

Nifty 50 IndexNSE

Description

⋅ Jun 3, 2021 3:24 PM

Nifty 15690 - If follows AB=CD then Nifty could test 159998 between 14 June to 17 July 2021.

⋅ Jun 4, 2021 5:07 AM

Nifty has broken support 15698.

⋅ Jun 5, 2021 1:38 AM

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

ckirtane

⋅ Jun 4, 2021 1:12 AM

there will be a big fall in 10-20 june period(app 1000point correction)after that fresh bull wave will start.

subravi

⋅ Jun 4, 2021 1:57 AM

@ckirtane,Could you please post the reasoning/study behind that ?

starttrade2020

⋅ Jun 4, 2021 2:32 PM

@subravi, AB and CD should be equal in time and price but dont you think its taking much more time in CD?

subravi

⋅ Jun 5, 2021 1:36 AM

@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.