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Dinesh_C_Nagpal

NIFTY

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Nifty 50 Index (NSE:NIFTY)  
Dinesh_C_Nagpal Updated   
NSE:NIFTY   Nifty 50 Index
Trend Analysis Harmonic Patterns NIFTY
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trendanalysis harmonicpatterns nifty
Reversed from the PRZ of a Bullish Bat, AB=CD & Alt Shark yesterday. It has covered the min retracement at 38% with a Bearish Shark. All happening within the slanting channel area. Further upside could be probable above the channel resistance of 11980-12000 while support comes in at 11910-11890.
Comment:
Nifty has turned from Alt Shark. Going forward 12025 and 110900 will decide trend direction.
Comment:
If today's gap is held then yesterday's was a breakaway one, today's would be a runaway one. Only if it breaks and sustains below 12020 will it retest trend line breakout area 11950
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