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NeeteshJain

NIITTECH Completing Bullish AB=CD Pattern

Long
NeeteshJain  
NSE:NIITTECH   None
AB=CD Zigzag Harmonic Patterns
4
0
abcdpattern zigzag harmonicpatterns
From Jan 2016 till Aug 2016, the price action is in a correction phase. Now it has formed a Bullish AB=CD Pattern which also represents a zig zag pattern as per the Elliott Waves Principles. This indicates a short term bullish trend reversal with targets as below

Target 1 (0.236) - 432
Target 2 (0.382) - 461
Target 3 (0.618) - 610

Stoploss: 380

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