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Dinesh_C_Nagpal

Nifty

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Nifty 50 Index (NSE:NIFTY)  
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Trend Analysis Harmonic Patterns Technical Indicators nifty50 niftytrend ichimokuchart harmonicsignals niftyanalysis ichimokuindicator
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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
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