I have explained Pattern on Charts of Nifty ; Quite Sure that you will learn something from above chart & will ask your doubts in comment box .
In Nifty , PRZ was placed at 11560 & In Intraday , We got 120+ Points Move .
Basics of :
• B point at a less than a of XA, preferably a distinct 50% or .
• BC projection must be at least 1.618.
• pattern is usually extended.
• 0.886 XA retracement.
• C point with range between 0.382 and 0.886.
Hope You will like My Idea ; Hit Like Button for Supporting & Comment your view in Comments Section .
Disclosure : I am not A SEBI Registered Technical Analyst !
Mohit Jangir (KBMJ)
Happy Trading !!!
I expect 11270-11118 in worst case ; Not more than that as of now :)
I do expect 11270-11120 in worst case ; SL should be 11666 on Closing Basis :)