NIFTY getting rejected from BAT PRZ - To test 25730

그저께

TF: 15 MInutes

Shared Sensex chart earlier today on this formation..

Price is getting rejected from the PRZ of the Harmonic Bat Pattern.

We could expect 50% pullback as per the set up, and the 50% retracement is placed at 25730

The PRZ also happens to be 1.618% fib extension from the lows, so, if one wants to consider it as a 3rd wave target..

Ideally, we could expect one more leg up to go past 26K after this correction (in EW terms), assuming, we have completed 3 and 4th in play (to end at 25700-25750 range)

Finally, the 25750 zone GAP needs to be filled sooner or later.. which, confluences with the Harmonic/EW targets.

lets see how the price unfolds in the coming sessions..

Disclaimer: I am not a SEBI registered Analyst and this is not a trading advise. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions. Please consider my views only to get a different perspective (FOR or AGAINST your views). Please don't trade FNO based on my views. If you like my analysis and learnt something from it, please give a BOOST. Feel free to express your thoughts and questions in the comments section.

16시간 전

액티브 트레이드

Price got rejected at the PRZ.. wait for the reversal signal to go LONG at 25700-750 zones.. (Dont trade against prevailing trend.. hence, dont short.. wait for reversal confirmation to go long)