Nifty Bullish for short term,
Updated
Nifty cmp 17540 around
Its not falling it is just consolidation zone, If we see the move from 17166 to 17777 its impulsive wave (agressive).
harmonic bearish Shark pattern point B (17726) has already crossed (17777 new swing high) we can say it higher high.
so it should not go below 17166 low, it should make lower high. (means stay in long, every deep gives long opportunity with strict sl of 17165)
As per Fibonacci level nifty can go down side upto 17470 which is 50% retracement and 17400 which is 61.8% retracement of recent swing (17166 -17777)
as per Price Action showing 17470 has nothing to action and 17400-380 there is aggressive bulls are sitted. which can bring nifty 18070-80 zone which is PRZ as per bearish harmonic shark pattern. which may bring it again down side at least 17500 or more deep
If you have any query regarding idea, please comment, i am eagrly to discuss with you on technical.
If you like the idea please hit like button.
This is my personal view
I dont recoomand to buy or sell
Its not falling it is just consolidation zone, If we see the move from 17166 to 17777 its impulsive wave (agressive).
harmonic bearish Shark pattern point B (17726) has already crossed (17777 new swing high) we can say it higher high.
so it should not go below 17166 low, it should make lower high. (means stay in long, every deep gives long opportunity with strict sl of 17165)
As per Fibonacci level nifty can go down side upto 17470 which is 50% retracement and 17400 which is 61.8% retracement of recent swing (17166 -17777)
as per Price Action showing 17470 has nothing to action and 17400-380 there is aggressive bulls are sitted. which can bring nifty 18070-80 zone which is PRZ as per bearish harmonic shark pattern. which may bring it again down side at least 17500 or more deep
If you have any query regarding idea, please comment, i am eagrly to discuss with you on technical.
If you like the idea please hit like button.
This is my personal view
I dont recoomand to buy or sell
Note
Nifty recent high 17764.65 could not break 17777, and it should not cross as per chart pattern. Now time to observe closely 17470 (50%) and 17400-380 (61.8%), if it gives bullish sign then i will long for 18070-80 as per my view.
I dont recommand to buy or sell.
Note
18079 done .. keep watch closely
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