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Bearishharmonic

NiftyHello and welcome to this analysis Nifty today activated not one but two bearish reversal signals. First it activated a Bearish Harmonic Alt Shark (double confirmation if price sustains below 18350) for suggested downside levels of 17750/17250. This pattern would be considered negated above 18575. Second it coincided with an Ichimoku Price and Time axis equilibrium date - (double confirmation if price sustains below 18360. The reversal as per Ichimoku will become invalid if a daily candle close occurs above 18450. Downside targets for Ichimoku are also similar to Harmonic ones. Use the dips / correction to add stocks, corrections are healthy and a good opportunity to invest in growth stocks.
NSE:NIFTYShort
by Dinesh_C_Nagpal
2
Bearish Harmonic Pattern (Analysis on Nifty)Trade with the preferred levels, According to my analysis nifty will fall until its peak break two red lines are strong resistance level & two black lines are Potential reversal zone PRZ aggressive traders can enter now, with break of second red line with heavy volume as your stop loss adjust your position with the preferred levels with your risk management safe traders wait and enter in-between the PRZ with 13800 as stop loss or three consecutive 15 mins red candles makes perfect entry with last hour high as your stop loss Target 13200
NSE:NIFTYShort
by FMSmo