Get started
Dinesh_C_Nagpal

Nifty

Education
Nifty 50 Index (NSE:NIFTY)  
Dinesh_C_Nagpal  
NSE:NIFTY   Nifty 50 Index
Trend Analysis Harmonic Patterns Technical Indicators nifty50 niftytrend ichimokuchart harmonicsignals niftyanalysis ichimokuindicator
13
7
trendanalysis harmonicpatterns indicator nifty50 niftytrend ichimokuchart harmonicsignals niftyanalysis ichimokuindicator
It has made a Bearish Harmonic AB=CD today along with a negative bearish divergence. The mid point of the parallel channel coincides with the Ichimoku Kijun support near 12500. Failure to hold the level on hourly basis could trigger a short term decline till 12250-12000 which coincides with the expected fibonacci retracement of the bearish pattern, Ichimoku Kumo support and lower end of the parallel channel. The next resistance for Nifty is at 12825 and above that at 13100/13500
Webinar recordings available
t.co/3mGWp29Xkb

Related Ideas

Dinesh_C_Nagpal
NIFTY
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.