Nifty near to its Reverse point

Güncellendi
As a usual concept, a demand zone is shown.
So if NIFTY reverse from the 50% retraced line, expected targets are shown.
If not reversed, it may go till 61.8% and possible to reverse.
If it moves below the 61.8% line, possible to continue the down trend.
(Note that present RSI is 40.08, which is not actually gives a reverse sign.)




Disclaimer: As usual, it is not a recommendation.
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Still VALID.
One can see it consolidates now
But tomorrow due to expiry, may not be a bullish move..
Let us see...
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Monthly Expiry ends with Bull candle.
Now it may move to 17200 and if further moves up, possible to move till the first target in coming days
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NIFTY reached Target 1
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Crossed the second target and going good
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All Targets HIT
Not
Still LONG....
Chart PatternsDemand ZoneHarmonic PatternssupportsupportandresistancezonesTrend Analysis

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