Nifty 50 IndexEducation
Nifty: Analysis
I am learning this new harmonic pattern and found it working perfectly for nifty analysis.
.
There are several PRZ zones that nifty have shown minor correction.
Levels are:
1) 0.886 - 11830.00
2) 1.132 - 12900.00
3) 1.272 - 13600.00
Now according to my analysis, it has stretched to higher levels. Slowly the pace of nifty is also falling indicating a pattern for a retracement soon. I am expecting retracement of about 40-50% in weekly levels and this will start near about the end of December.
.
Please correct me if I'm wrong. I am still learning and this is new to me.
.
There are several PRZ zones that nifty have shown minor correction.
Levels are:
1) 0.886 - 11830.00
2) 1.132 - 12900.00
3) 1.272 - 13600.00
Now according to my analysis, it has stretched to higher levels. Slowly the pace of nifty is also falling indicating a pattern for a retracement soon. I am expecting retracement of about 40-50% in weekly levels and this will start near about the end of December.
.
Please correct me if I'm wrong. I am still learning and this is new to me.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.