@ shivaji bhandari and masterandstudent.com this one is a bullish pattern as it is formed after an downward movement, we get first target at 61% of total down move and 2nd target at 76% .
good post.. when u posted,i was thinking will markets go back to those 4300+ levels.. but it really did..today it almost near to ur first target around 4380 levels.
impressive technicals...
watz next.. is nifty again on bull track or was just a rise for more deeper correction..
hi can u pl explain wat is ABCD pattern and when it is bullish/bearish???? how do u fix the target for ABCD pattern?????
ReplyDeleteNice analysis, but can you explain more about the ABCD pattern?
ReplyDelete@ shivaji bhandari and masterandstudent.com
ReplyDeletethis one is a bullish pattern as it is formed after an downward movement, we get first target at 61% of total down move and 2nd target at 76% .
You could learn more about the pattern here
http://www.harmonictrader.com/price_patternsabcd.htm
hope this helps
Renu
thanks for ur kind explaination and looking forward to learn more from u ....
ReplyDeleteis it simillar to "Diamond Pattern" ????
ReplyDeleteRenu ji..
ReplyDeletegood post.. when u posted,i was thinking will markets go back to those 4300+ levels.. but it really did..today it almost near to ur first target around 4380 levels.
impressive technicals...
watz next.. is nifty again on bull track or was just a rise for more deeper correction..
with regards,
yash
niftymovement.blogspot.com