Nifty next 50 had broken the parallel channel but still managed to close within the boundary. It had bounced from 240 Dema. Daily close below 33460 would be negative for 30000-30500 zone. LL on daily chart is not a positive structure
HL is required to be posted to confirm the respect of lower boundary of channel.
Disc : it's not an investment advice to buy or sell
as a rule when harmonic pattern is completed, stock must fall till 50% then may resume uptrend and we are seeing exactly the same here now from 50% retracement i have drawn bullish ab=cd pattern long target is
trade and invest at your own risk
The weekly bullish Harmonic reversal appears to have completed its pullback from the 38% level, It is on the verge of a breakout in daily time frame above 13400 which indicates the possibility of 15000 (50% retracement) with a minor resistance at 13800. View negates below 12900