The Deadly Bearish Shark on NIFTY Daily Chart !

NSE:NIFTY   Nifty 50 Index
548 13
The PRZ for this one is between 9275 and 9080. A Harmonic Pattern on Daily Charts is significant and often causes turnaround of the markets... Lets see wht happens :)
Comment: Nifty rebounds from the top of the shaded PRZ.. Couldnt cross 9275, and now heading down
Dear sir..

What will be the time frame to reach 8400?
How many days will nifty take to reach
8400 sir ?

What's a chart sir?Nice Chart.
great to have this information with graphical representation. i like to know more information in this pattern.
ynpoddar Epicram
@Epicram, H.M. Gartley invented Harmonic Patterns in 1932.. After him, Scott Carney has done commendable work in this field inventing patterns like Crab, Bat, Shark, 5-0.
You can more information on Net and also read books by Scott Carney available on Amazon
Please inform the values for .886 and .618%
ynpoddar drchandramohankk
@drchandramohankk, Entry below 9070... potential target 8400
nice work
ynpoddar anupminj7
@anupminj7, thanks !
Copybook Entry at 0.886% and Exit at 0.618% of the CD leg. Your thoughts?
ynpoddar sanjoy.bose.it
@sanjoy.bose.it, The entry can be on the break of 1.130 of XA leg .. and 3.140 of BC leg... The level comes to around 9080 on the chart ( bottom of the shaded Potential Reversal Zone ).... On the Daily Nifty chart, there is also a big Supply Zone ( 9244-9070) from the previous highs made on 4th March 2015. A decisive break and closing below 9070 should be an ideal entry.

The target can be 61.8 % of CD leg as u said... comes to around 8400 roughly
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