Timeframe : Daily
Nifty probable reversal area based on harmonic PRZ calculations.
Please check price action and option chain data, when nifty comes near to reversal area.
Also check the global sentiments.
Note : This is just for educational and learning purpose. It's not an buying or selling idea.
1. IEX probable reversal zone as per harmonic ABCD & XABCD Pattern .
2. Reversal area/zone :: 155-148
3. Analysis done on Weekly Timeframe.
4. Weekly RSI is near oversold zone, so reversal chances are good.
Note : Above analysis is just for educational and learning purpose.
It's not a buy or sell recommendation.
nifty probable reversal zone as per hormonic ABCD pattern.
Timeframe - 1hr
RSI must be in overbought zone in 1hr timeframe. This will increase chances of reversal
note : above idea is purely for learning and educational purpose. This is not a buy or sell recommendation.
