Nifty: A Perfect Storm - Bullish Harmonic Completion + RSI @ 2020 Levels
-
The Nifty weekly chart is currently hinting at a potential reversal zone through a Bullish Shark harmonic pattern, where point D marks a potential reversal zone of 22,137-22,200.
Adding weight to this setup, the RSI has plunged to 25, its lowest level since 2020, indicating deeply oversold conditions. Such extremes historically precede relief rallies.
The pattern negates on the break of low at X.
-
This one looks like will work !! heavily oversold conditions ripe for success
-
This post is deleted!
