Nifty framing a Harmonic Shark Pattern ( Bearish Shark )
We can expect a reversal near 11546-11550 (PRZ)
Stop loss- 11600
Target -11408, 11368
I'm expecting NIFTY further downside till 11200-11185
Kindly stick to harmonic pattern target.
Just my view.. :-)
Currently wandering in key resistance area
Bearish engulfing candle stick
Bearish Shark pattern completed
Black box is probable reverse zone
Price rejection indicated by candle pattern
Currently at channel support so could wait for sometime for better entry ,don't jump into trade ,still support is not strong enough...
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Gave good intraday returns today
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Bearish Shark Pattern is being formed on the daily chart of RBL Bank . Leg XA, AB & BC is already formed and leg CD is in formation. expecting to move towards 670 level , before start of downward movement.
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Declaimer : it is for education purpose only.
Thank God, there is no typo in the Title I gave. A typo in the title might have looked bad, if you know what I mean !
Here is the plan guys, there will be 2 back-to-back Nifty charts (1) one on 15 min timeframe (2) other will be on 4hr timeframe. If you look at the chart above there is trendlines, Flag & Shark pattern. I don't trade sharks usually more often they...