Nifty 50 Indexלונג
NIFTY
Hello and welcome to this analysis
On the daily time frame a Bullish Harmonic Bat is being formed. The PRZ of this pattern also coincides with the Bullish Cloud support of the weekly Ichimoku time frame.
As long as it does not breach below 16900 it could bounce back to 17300 and above that till 17650.
A confirmation of this reversal would be spot sustaining above 17150
All the best
On the daily time frame a Bullish Harmonic Bat is being formed. The PRZ of this pattern also coincides with the Bullish Cloud support of the weekly Ichimoku time frame.
As long as it does not breach below 16900 it could bounce back to 17300 and above that till 17650.
A confirmation of this reversal would be spot sustaining above 17150
All the best
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