It is showing signs of reversal from a Bearish Harmonic Alt Shark and has all activated a Bearish C Clamp per Ichimoku. It could retest 16250-15500-14500 as long as it stays below 17550
Quite debatable
It has activated a C Clamp which suggest a retracement till 1860 is probable, which is also a resistance in weekly/monthly time frame. The level also tallies with a retracement of the monthly bullish harmonic pattern as well as with a probable bearish pattern near it in lower time frame. Two studies suggesting indentical resistance ahead!
Morning Scalping over Nifty lost support in 15 mts. Now wil wait for a rise to see the resistance #Nifty
Bharti Infratel has activated a Bullish C Clamp as per Ichimoku. It could test 180 provided it does not breach 155
Om Namah Shivay This is a practice chart of 3/12 cyclic study. Just a practice chart to convince self of 3/12 cycle repeations. Om Namah Shivay
Om Namah Shivay, Today was testing the 3/12 cyclic repeatation logic and tried on few stocks/indexes. Here is the one tried on Axis bank. In simple wording, A clock contains cycles of 12. And 3 is one of the major cycles in a clock. If we check this on financial price fluctuations, the cycle should be visible someway. In the form of 12 years, 12 months, 3...
What is Fibonacci Retracement and how to apply!,