bullish harmonics / falling parallel channel trade :
nifty
cmp 17005
yesterday swing low 16850 has triggered bullish harmonics .886 levels
making bottoms near trend line supports of parallel channel .
positionally nifty can reach 17140 / 17220 / 17440 / 17570 / 17780 levels with stop loss of 16740 on closing basis
all technical set ups are shared in charts
cmp 17005
yesterday swing low 16850 has triggered bullish harmonics .886 levels
making bottoms near trend line supports of parallel channel .
positionally nifty can reach 17140 / 17220 / 17440 / 17570 / 17780 levels with stop loss of 16740 on closing basis
all technical set ups are shared in charts
Note
Indications for a good bottoming out of the current downtrend corrective phase 1. huge volatility
2. doji candles in index
3. Extreme fear in retailers sentiment
4. Fiis at almost at 10% longs only.
Note
17263+ highNote
17320+ highNote
17428+ highNote
17466+ highNote
17506+ highNote
17601+ highNote
17668+ highNote
17740+ HIGHNote
17819+ highTrade closed: target reached
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