Nifty 50 IndexShort
NIFTY - Harmonics Pattern
Updated
Entry, SL and Target as per chart!
This is for education purpose only.
This is for education purpose only.
Trade closed: target reached
Target 1 shifted slightly higher due to the swing high is not exactly the Harmonics primary PRZ. The high is 17992 but Harmonics PRZ is at 17842. The 150 points above Harmonics leads to lower retracement of 17330. Today's low is 17345 which is almost target 1. My position is closed! Revised Target 2: 16919 may come but book profits in every fall from now on.
Trade closed: target reached
Target 2 reached. Ofcourse I closed it earlier and nobody could have captured the full target 2. The Nifty's volatility is extreme but this is to show that Harmonics work even with this volatility
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.