Nifty
Hello and a warm welcome to this analysis on NIFTY
It has activated a Bullish Harmonic Reciprocal AB=CD at 17835 which also coincides with hourly time frame Ichimoku kumo support.
As long as it sustains above 17790 it now has the potential to rally till 18200-18300.
Harmonic Patterns are based on patterns which have specific ratios which signal reversal of trend. Here we can see price action suggest a reversal as well indicator based system identify a support base.
With a Risk of 60 for a Reward of 140/240 the bullish trading strategy appears to be a good one
It has activated a Bullish Harmonic Reciprocal AB=CD at 17835 which also coincides with hourly time frame Ichimoku kumo support.
As long as it sustains above 17790 it now has the potential to rally till 18200-18300.
Harmonic Patterns are based on patterns which have specific ratios which signal reversal of trend. Here we can see price action suggest a reversal as well indicator based system identify a support base.
With a Risk of 60 for a Reward of 140/240 the bullish trading strategy appears to be a good one
Nota
Raising trail to 17900Nota
1st target done, trail raised to 17975 for 2nd target
Online courses on Harmonic Trading Patterns, Ichimoku & Trading Psychology Risk Management
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Online courses on Harmonic Trading Patterns, Ichimoku & Trading Psychology Risk Management
t.co/3mGWp29Xkb
t.co/3mGWp29Xkb
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.