Nifty 50 13 th May 2022

12 May 2022

I have used 15 minute time frame to calculate the swings. As per chart harmonic AB=CD pattern and bullish 2.5 retracement converged in the same area. So we expect a sharp pull back from here. Again there is a Bearish 0.382 retracement which may act to make the price action as described. Let’s see.