PayelNandy

NIFTY 50, D might form "Ab=CD" pattern .....

NSE:NIFTY   Nifty 50 Index
Well Nifty             50, is on its way to form AB=CD pattern. So if NIFTY             holds it's present support then it might move to "D" & RSI 14 +Hidden Divergent confirms continuation of uptrend.....
we should avoid to preempt any move ,Becoz most of the time any preemptive move has produced very low successful ratio.
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this is also the same pattern under development
https://in.tradingview.com/chart/IwrD5LTE/
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debpaul ajayww2
@ajayww2, Well even I have drawn the pattern by following fibonacci retracement rules of AB=CD pattern and RSI 14 confirmation of uptrade....and it is also important to hold its present support....
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