BANK NIFTY 5-0 PATTERN
ALL LEVELS ARE SPOT VALUES
OX - 32126 - 31123
XA - 31123 - 31537
AB - 31537 - 30997 - 127% OF XA
( BETWEEN 113 5 AND 1.618%)
BC - 30997 - 32180 - APPROX - 224%
Potential target of D - 50% of BC - 31588
CD - 32180 - 31588
POTENTIAL REVERSAL ZONE PRZ - 32180-32200
CMP - 32098
RISK - 100 POINTS
REWARD - 500++ POINTS
Bearish Shark pattern:
OXABCD
OX - 172.2 - 160.05
XA - 160.05 - 166.3 - 50% OF OX
AB - 166.3 - 159.4 - 113% OF XA
LEVELS FOR LEG BC
113% of AB 167.20
127% of AB 168.16
161.8% of AB 170.56
224% of AB 174.86
88.6% of OX 170.81
113% of OX 173.78
CMP - 161.65
SL 158
RISK - 3.6 POINTS
REWARD - MIN 8 POINTS ++