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- Harmonic Pattern – Bearish Gartley pattern.
- Potential Reversal Zone (PRZ) – 18420.
- The index reversed sharply from the low made on 18059. It is currently trading at 18237.
- On the higher side, minor resistance is around 18310 and any break above that level will take the index to next immediate resistance around 18410/18545 in the short term.
- The minor support is around 18209 (100- 4H MA) and any break below will drag the index down till 18150 (21- 4H MA)/18060 (Oct 17th low).
It is good to sell on rallies around 18310 with SL around 18420 for the TP of 18060
