AB=CD
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 !!!
VGuard - Channel/Potential AB=CD Pattern.Moving In Upward Channel.
At Support of Channel.
At Support Zone.
Fibonacci Support.
Above 235, Harmonic Pattern AB=CD Will Be In Action.
Risk Reward Looks Favourable.
Will Review TSL Near Targets.
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.
TRENDLINE BREAK/BEARISH CROWNTHE 15 MIN TF HAS WITNESSED A STRUCTURE BREAK.LONG TERM TREND IS BEARISH.TRENDLINE HAS BEEN BROKEN TO THE DOWNSIDE FOLLOWED BY A BEARISH CROWN IN THE MAKING.A SHORT TRADE CAN BE LOOKED FOR ON THE .618% RETRACEMENT TOWARDS THE 954 LEVELS,STOP LOSS-966,TARGET-930