The PRZ for this one is between 9275 and 9080. A Harmonic Pattern on Daily Charts is significant and often causes turnaround of the markets... Lets see wht happens :)
Comentarios
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Nifty rebounds from the top of the shaded PRZ.. Couldnt cross 9275, and now heading down
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KempaRaju
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Dear sir..
What will be the time frame to reach 8400?
How many days will nifty take to reach
8400 sir ?
Kemparaju..
Ukmohanta
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What's a chart sir?Nice Chart.
Epicram
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great to have this information with graphical representation. i like to know more information in this pattern.
ynpoddar
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@Epicram, H.M. Gartley invented Harmonic Patterns in 1932.. After him, Scott Carney has done commendable work in this field inventing patterns like Crab, Bat, Shark, 5-0.
You can more information on Net and also read books by Scott Carney available on Amazon
Copybook Entry at 0.886% and Exit at 0.618% of the CD leg. Your thoughts?
ynpoddar
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@Sanjoy.bose.it, The entry can be on the break of 1.130 of XA leg .. and 3.140 of BC leg... The level comes to around 9080 on the chart ( bottom of the shaded Potential Reversal Zone ).... On the Daily Nifty chart, there is also a big Supply Zone ( 9244-9070) from the previous highs made on 4th March 2015. A decisive break and closing below 9070 should be an ideal entry.
The target can be 61.8 % of CD leg as u said... comes to around 8400 roughly
What will be the time frame to reach 8400?
How many days will nifty take to reach
8400 sir ?
Kemparaju..