After making lower high @10407 any close below 10090 will confirm Lower high & Lower Low formation . Bearish Bat harmonic pattern also in progress. Below 10090 Nifty may take support @9910 which is upper PRZ of bat pattern ( 161.8% BC projection ) and final support @9770 Lower PRZ ( 88.6 % of XA leg ). Bulls need to defend 10090 for any possible recovery .
As per previous chart Nifty falled from upper line of channel till 10095 & bounced till 78.6% of down fall. Now again it is near to upper trend line resistance @ 10451. Potential Harmonic (BAT) pattern also comes in action. Sell Till 10451. Positional View for December Series. Other Details Mentioned in Chart. I am not SEBI Registered Financial Advisor.
AURO has been moving sideways, making a few patterns along the way. Recently completed the Cypher, and reversed already. Are we too late???? B- level seems interesting since BAT n CYPHER chare the same B-level. ANd its been tested a few times already. Its about to test that levels again. awaiting a breakout or reversal from that level.