NIITTECH Completing Bullish AB=CD Pattern From Jan 2016 till Aug 2016, the price action is in a correction phase. Now it has formed a Bullish AB=CD Pattern which also represents a zig zag pattern as per the Elliott Waves Principles. This indicates a short term bullish trend reversal with targets as below
Target 1 (0.236) - 432
Target 2 (0.382) - 461
Target 3 (0.618) - 610
Stoploss: 380
AB=CD
USDINR: Harmonics at work - Potential ABCD pattern Here we have potential ABCD completion around 66.1's in USDINR but it will happen only after the support at 66.5's takenout. As of now I expect USDINR will move little up to 66.85's before starting its downward move. Incase the resistance is taken out, we need to decide based on what happens after that.
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