Nifty - Harmonic Bearish Bat Pattern - Weekly Chart - Short

31 May 2020

Nifty has formed Harmonic Bearish Bat Pattern.

Nifty was in resistance Zone of 9650 and 10000

So as per the Pattern the nifty must fall from 9600.

Short Nifty @ 9600

1. Target 1 - 9400

2. Target 2 - 9000

3. Target 3 - 8800

SL - 9700

Disclaimer : Kindly do your own analysis before executing the trade.

31 May 2020

Not

We can go for the short once the nifty reach it resistance @ 9650 to 9700.

Once, it retraced below to 9600.. we can go head for the short position.