Nifty through the week was within a falling channel making Lower Lows and Lower Highs. At close today it came into the PRZ of 3 Bullish Harmonic Patterns, namely, Shark, Bat & Gartley. If it were to reverse from this level it needs to survive above 11940 for an hour at least. Then it could move all the way back to test the falling channel at 111975-12025. From...
Three Bullish Harmonic Patterns in alignment in Monthly Time Frame
Gartley / Butterfly / AB=CD
Ichimoku study also suggests a pullback to Kumo around 18000
View goes wrong if it moves below 11600