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Reciprocalabcd

NIFTYHello & welcome to this analysis Nifty in the hourly time frame has activated a Bearish Harmonic Alt Shark with the sharp drop since opening bell today. Now its gone onto make a Bullish Harmonic Reciprocal ABCD, however, since the drop was very sharp and its yet to do 38% of its minimum expected retracement, a confirmation for this bullish reversal will be once it starts sustaining above 22475. Failure to hold today's low so far opens for the 38-50-62% retracement levels
NSE:NIFTY
by Dinesh_C_Nagpal
1
NIFTY DAY TIMEFRAME ANALYSIS. IMPORTANT ZONE TO BE WATCHED.The Reciprocal ABCD pattern formed demand zone has been respected by the market until now. See until the day's end, if this zone is broken, then you can expect a major fall. I will attach a similar idea on the DJI futures chart here. Please look at both of them to make a decision. Don't just carry a short position beyond today's trading session. Wait for Monday's price action. Happy trading :) This is just for educational purposes.
NSE:NIFTY
by Sanjan91
PTC INDIA- A Potential Compounder in Making1.Reciprocal Bullish ABCD formation almost complete near the weekly support S1 2.Reversal to be impulsed back to the Median line of the pitchfork according to Price Magnet Theory 3.Several levels including weekly resistances and Fibonacci levels of BCD 0.73% , taking D point in the weekly support S1 , has been taken in correspondence to the pitchfork 4. Bullish Reverse Divergence on RSI oscillator validates the upmove projection Disclaimer... Invested and averaging down... this is not a time dependent analysis Not an investing/trading recommendation..
BSE:PTC
by capsule91