Nifty - Harmonic Bearish Bat Pattern - Weekly Chart - Short
Nifty has formed Harmonic Bearish Bat Pattern.
Nifty was in resistance Zone of 9650 and 10000
So as per the Pattern the nifty must fall from 9600.
Short Nifty @ 9600
1. Target 1 - 9400
2. Target 2 - 9000
3. Target 3 - 8800
SL - 9700
Disclaimer : Kindly do your own analysis before executing the trade.
Nifty was in resistance Zone of 9650 and 10000
So as per the Pattern the nifty must fall from 9600.
Short Nifty @ 9600
1. Target 1 - 9400
2. Target 2 - 9000
3. Target 3 - 8800
SL - 9700
Disclaimer : Kindly do your own analysis before executing the trade.
Note
We can go for the short once the nifty reach it resistance @ 9650 to 9700.Once, it retraced below to 9600.. we can go head for the short position.
Disclaimer
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