manuagarwal21

NIFTY : HARMONIC PATTERN

Short
NSE:NIFTY   Nifty 50 Index
NIFTY is trading in an uptrending channel which somehow suggests a probability of Reciprocal ABCD pattern{ 1.168: .618}

In today's session a bearish follow-up candle is formed, though the momentum of today session was not as strong as yesterday's
If you could see the fall from 10500 levels, you may notice that , the prices are respecting every near term support, as it halted at 10250 levels, and its closed right at 10180 support levels.
Hence one should really trade with strict stop loss.
Next support to watch is 10130, any break below it could take NIFTY to 10000 levels.


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