NIFTY ANALYSIS -- might touch 18175-18200
Nifty on 1 hour chart, Bounced from 200 days moving average.
Second point to note is this is exact 50% retracement of AB.
So as per Harmonics nifty might touch 18175-18200 soon.
Conditions for Harmonics ABCD pattern:
1. Point C(17660) should not get broken.
2. Nifty should give closing above point B (17920).
Other wise nifty will be in range between point B (17920) and point C (17660).
Second point to note is this is exact 50% retracement of AB.
So as per Harmonics nifty might touch 18175-18200 soon.
Conditions for Harmonics ABCD pattern:
1. Point C(17660) should not get broken.
2. Nifty should give closing above point B (17920).
Other wise nifty will be in range between point B (17920) and point C (17660).
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.