Tuesday, July 14, 2009

ABCD pattern in Nifty


Almost a perfect AB=CD pattern in nifty with targets given on chart.

6 comments:

  1. hi can u pl explain wat is ABCD pattern and when it is bullish/bearish???? how do u fix the target for ABCD pattern?????

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  2. Nice analysis, but can you explain more about the ABCD pattern?

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  3. @ 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% .

    You could learn more about the pattern here

    http://www.harmonictrader.com/price_patternsabcd.htm

    hope this helps

    Renu

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  4. thanks for ur kind explaination and looking forward to learn more from u ....

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  5. is it simillar to "Diamond Pattern" ????

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  6. Renu ji..

    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..

    with regards,
    yash
    niftymovement.blogspot.com

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