Fate of NIFTY: WEEKLY View.

Nifty 50 IndexNSE

Description

⋅ Jul 26, 2017 6:31 AM

ABCD Pattern almost Completed.
as of now HIGH: 10011.30,
25.4 point away from IDEAL "ABCD" Pattern where D = 10036.7

Question arises What's NEXT:
I have mentioned Some Condition
Two for UP trend & Three for DN trend.

For UP Trend:

Condition #1:
Extended "D" = 10305.25
FIB E 1.13 of ABC

Condition #2: can say ULTIMATE
Extended "D" = 10619.55
FIB E 1.272 of ABC

For DN Trend:

Condition #3: At 9388.45
Correction: FIB E 0.618 of ABC
(HEALTHY)

Condition #4: At 8965.25
Correction: FIB E 0.50 of ABC
(Healthier)

Condition #5: At 8712.4
Correction: FIB E 0.382 of ABC
(Ultimate)

REST OF THE LEVELS MENTIONED ON CHART ARE ALSO CRUCIAL (in the Basis of Daily View)

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Comment always appreciated.

Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor

Comments

theshamik

⋅ Jul 29, 2018 2:52 PM

Looks interesting. Excellent high level FIB ratio very helpful.
Never heard ABCD pattern. ABC, 1-2-3-4-5 all ok but whats this new kid on the block.. please enlighten me on this or any reference which i can study...