Nifty Short opportunity Hello Trader,
I wanted to inform you about a potential short opportunity in Nifty. The market is currently forming an AB = CD pattern, which indicates a possible downward movement in the near future.
The critical level to watch for this short opportunity is 18822. Once the price reaches or approaches this level, it could be an opportune time to consider initiating a short position.
Remember to perform your own analysis and closely monitor the market before making any trading decisions. Stay updated with the latest price action and key levels to confirm the validity of the pattern.
AB=CD
NiftyNifty 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 that range (or on failure to hold 11885) we could expect the next set of 3 Bullish Harmonic Patterns. namely, Alt Shark, Bat & AB=CD get active between 11830-11860 to conclude this slanting channel trend
Avanti Feeds nearing important 61.8% Fibonacci golden ratioNSE:AVANTIFEED If we look @ the monthly chart & apply Fibonacci, Now stock is nearing 0.618 Golden ratio. (1440 zone). So 1 need to watch how this stock behaves @ this level. Given if & only if stock bounces from this important golden ratio zone one can expect stock to reach 4000 in 300+ days or even 4400 (161.8% of Fibonacci extension). But plz do note that just bcz stock is hitting 0.618 zone isn't a blind buy. Stock should show some reversal signs like bullish power candle/ Hammer candle etc..