Trend Analysis Harmonic Patterns NIFTY Bullish Gartley Bullish Bat Bullish Shark altshark Bullish AB=CD Descending Channel lowerlow lowerhigh

trendanalysis harmonicpatterns nifty bullishgartley bullishbat bullishshark altshark bullishabcd descendingchannel lowerlow lowerhigh

Nifty through the week was within a falling channel making Lower Lows and Lower Highs. At close today it came into the PRZ of 3 Bullish Harmonic Patterns, namely, Shark, Bat & Gartley. If it were to reverse from this level it needs to survive above 11940 for an hour at least. Then it could move all the way back to test the falling channel at 111975-12025. From that range (or on failure to hold 11885) we could expect the next set of 3 Bullish Harmonic Patterns. namely, Alt Shark, Bat & AB=CD get active between 11830-11860 to conclude this slanting channel trend

Comment:

Nifty did its min expected pullback till 11975. Now if 11910 is held on hourly basis then it could now do another attempt for the falling trend line near 12000

Trade closed: target reached:

At Bullish Bat / Alt Shark / AB=CD prz range 11860-11840

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