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Nifty 50 Index
Long

Nifty: Combination of #Candlepattern & #Harmonics (ABCD)

By MakarandK
Nifty Daily update: Combination of candle pattern setup & Harmonics worked beautifully since it made a closing low at 15864 and since then we have seen a rally of 1400 points in short time which helped to get a weekly close above 200 DEMA & regression channel marked in green. Now as per setup Nity's near target is 17432. Please note, for coming week 17500 - 625 will act as stiff resistance not only as per price but also time cycle. While saying so 16800 will act a strong support. I see more than index ample opportunities in some specific stocks and that should be encashed. Keep eyes & trade safe. #Nifty #MK
Candlestick AnalysisHarmonic Patterns
MakarandK
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