Below point B harmonic pattern XABCD will activate and our Target will be till 18934 to 18800.
In daily timeframe Breakdown -> retest -> bearish candle
In daily timeframe Breakdown -> retest -> bearish candle
Nifty 50 trade set-up for next week. In hourly timeframe we can clearly see that price bounced from Fibonacci 0.5 Retracement level. And if it breaks point B harmonic pattern ABCD will be activate. And our Target for next week would be 19795.
Nifty 50 trade set-up for tomorrow. 1. Nifty is going towards dynamic Trending resistance. 2. Head and shoulder pattern. 3. Harmonic abcd pattern activation above B point.
Perfect breakout and Retested Structure formed. One can go long from here with minimum sl. Or one can add it for long time because of a good fundamentals and pattern forming in chart.
SGX Nifty gave perfect bounce from harmonic PRZ 0m886 level. Will nifty 50 also take support that level or not? For nifty there are two PRZs in daily timeframe. First is xabcd 0.886 and Second is abcd 1.618 #stockmarketcrash #StockMarketindia #stocks #stockstowatch
In shorter timeframe we can find entry. As we are nearby harmonic patterns prz zone.
Script:- Nifty 50 Timeframe - 1 D (Daily) View & logic :- As we can see clearly a complition of harmonic pattern and we are on harmonic potential reversal zone 0.886. From here we can see a bounce or reversal and some good upside move.