Two Possibilities in NIFTY
While Considering the Positive Outlook first to satisfy our souls and urge to see NIFTY in Green; I found a Butterfly Pattern with a possibility of reaching out to 24857.75, B Leg.
On other hand if there is any negative news spreading out and FII are good enough to bargain best price they may take this up to 21653.30 creating a downtrend in NIFTY forming AB=CD Pattern
All these are approximate levels.
I am not a SEBI Certified RA. This Idea is completely educational based on Harmonic Technical Analysis.
On other hand if there is any negative news spreading out and FII are good enough to bargain best price they may take this up to 21653.30 creating a downtrend in NIFTY forming AB=CD Pattern
All these are approximate levels.
I am not a SEBI Certified RA. This Idea is completely educational based on Harmonic Technical Analysis.
Note
Nifty has taken reversal from the day of the post and gave around 700 points approx. but this leg is not for taking any trade. I expect 24630 will be touched to complete its D leg and can give good corrective short trade. Post this correction NIFTY can continue to its impulsive direction.Note
Please be aware that I am not updating internal structures and patternsNote
I am seeing a Deep Crab Pattern Forming (confirms when Nifty Crosses 23460); to aim at D leg 22277.70Note
Interna Bat Pattern completed its D leg at 23639.
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