Hello and a warm welcome to this analysis on NIFTY It has activated a Bullish Harmonic Reciprocal AB=CD at 17835 which also coincides with hourly time frame Ichimoku kumo support. As long as it sustains above 17790 it now has the potential to rally till 18200-18300. Harmonic Patterns are based on patterns which have specific ratios which signal reversal of trend. Here we can see price action suggest a reversal as well indicator based system identify a support base. With a Risk of 60 for a Reward of 140/240 the bullish trading strategy appears to be a good one
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Raising trail to 17900
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1st target done, trail raised to 17975 for 2nd target
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