AB=CD
IGL - AB=CD At Support.At Support Of Trend Line.
200 EMA Support.
Fibonacci Support.
RSI Divergence.
Potential AB=CD...
Other Details Mentioned In Chart.
Positional View For Educational Purpose Only.
Please Consult Your Financial Advisor Before Taking Any Decision.
I am not SEBI Registered Financial Advisor.
United Spirit - Looks Good.At Multiple Support.
Moving In Short Term Channel.
At Support Of Lower Line Of Channel.
If Support Respected Making of AB=CD.
Risk Reward Looks Favourable.
Other Details Mentioned In Chart.
Positional View For Educational Purpose Only.
Please Consult Your Financial Advisor Before Taking Any Decision.
I am not SEBI Registered Financial Advisor.
Bank Nifty : Why did it fall 3% From Highs of 30008 (Harmonics)Dear All At Tradingview ,
I hope you all are learning from my charts .
This time , I have mentioned the reason of fall in Bank Nifty & Why did it rise from Lows of 24240 formed in October .
Answer is ABCD Patterns . Ask any query on comment box or DM me .
Some Basics of ABCD Pattern :
The AB=CD pattern is a 4-point price structure where the initial price segment is partially retraced and followed by an equidistant move from the completion of the pullback.
In the AB=CD, the C point will be a defining level for the completion of the pattern. Although the BC projection is critical in this structure, the most significant harmonic number is the exact completion point of the AB=CD.
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Disclosure : I am not A SEBI Registered Technical Analyst !
Regards ,
Mohit Jangir (KBMJ)
Happy Trading !!!