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Dinesh_C_Nagpal

Nifty & Bank Nifty

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Nifty 50 Index (NSE:NIFTY)  
Dinesh_C_Nagpal Updated   
NSE:NIFTY   Nifty 50 Index
Trend Analysis Harmonic Patterns Technical Indicators NIFTY BANKNIFTY Double Top ichimokutheory harmonictrade ichimoku-trading harmonicpatterncollection ichimokucenter
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trendanalysis harmonicpatterns indicator nifty banknifty doubletop ichimokutheory harmonictrade ichimoku-trading harmonicpatterncollection ichimokucenter
Both Nifty & Bank Nifty are at an Ichimoku Price & Time axis equilibrium today with Nifty probability of a Double Top and Bank Nifty at a Bearish Harmonic Reciprocal AB=CD. Nifty has support at 11750 while Bank Nifty has support at 24650. Breach of both could lead to further downside till 11400 & 23000 respectively. View would negate above 12100 & 25200 accordingly.
Price & Time Axis Equilibrium is an Ichimoku concept of reversal in trend. As per the study Time is vital price is just a consequence
AB=CD are Harmonic Trading Patterns based on alignment of specific ratios
Comment:
errata Bank Nifty support 24400
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