Nifty
Hello & welcome to this analysis
The index which attempted a bounce on Tuesday failed to breach above 23250, today it is again witnessing selling pressure.
A bullish Harmonic Alt Shark could pause/stop this decline near 22675 which is the lower trendline of a falling channel apart from it being the monthly Ichimoku support area.
Further decline could take it to 22400 where it has a Bullish Harmonic Gartley.
Short covering as of now is appears to be only above 23175
The risk reward going forward still remains in favour of short side trades
The index which attempted a bounce on Tuesday failed to breach above 23250, today it is again witnessing selling pressure.
A bullish Harmonic Alt Shark could pause/stop this decline near 22675 which is the lower trendline of a falling channel apart from it being the monthly Ichimoku support area.
Further decline could take it to 22400 where it has a Bullish Harmonic Gartley.
Short covering as of now is appears to be only above 23175
The risk reward going forward still remains in favour of short side trades
Online courses on Harmonic Trading Patterns, Ichimoku & Trading Psychology Risk Management
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Pubblicazioni correlate
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Online courses on Harmonic Trading Patterns, Ichimoku & Trading Psychology Risk Management
t.co/3mGWp29Xkb
t.co/3mGWp29Xkb
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.