# Nifty Harmonic pattern and Crab Pattern Analysis

By | May 3, 2014 5:10 pm

Lets analyze Nifty future move for May month using Harmonic pattern using AB=CD and Crab Pattern.

## Nifty Harmonic pattern

The Harmonic pattern bearish AB = CD formation

1.  AB leg is from 5118 to 6415 took 16 Weeks to form with a rally of 1313 points.
2. BC leg is from 6415 to 5933 (which is 38.2% retracement of 5119 to 6415)
3. CD leg will take another 16 weeks to complete and rally of 1313 points

## Nifty Crab formation

The Harmonic pattern bearish crab formation is also in making and will get activated only above 6869 NS

1. XA leg is from 6338 to 4531 with a rally of 1802.
2. AB leg is from 4531 to 5630 (61.80% Fibonacci retracement).
3. BC leg is from 5630 to 4770 (78.60% Fibonacci retracement).
4. CD leg is likely to complete around 7500 level (161.80% Fibonacci retracement of XA leg.)

## So once 6869 is broken initial target of pattern comes around 7020(261.8% of BC leg) and sustaining above it 7447 (which is 161.8% of XA leg). Once the target is achieved Nifty can see a fall around 6400-6500 where 200 DMA will exits.

Category: Nifty and Lok Sabha Election

Bramesh Bhandari has been actively trading the Indian Stock Markets since over 15+ Years. His primary strategies are his interpretations and applications of Gann And Astro Methodologies developed over the past decade.

## 13 thoughts on “Nifty Harmonic pattern and Crab Pattern Analysis”

1. Kumar

Will this analysis hold good for a fall now ?

Regards,

Kumar

2. Ajay

Hi Brahmesh,

In the bearish crab chart, XA= 6338-4531= 1807. Correspondingly, 1.618 XA should be 4770+1.618*1807= 7661, instead of 7447.

Did I get the calculations right?

Thanks for the posting.

Ajay

3. Hiren

Thanks !

Had only read about harmonics in books, have come across first time that someone is applying it to understand how it works.

Thanks

4. murali iyer

This is something new & amazing interpretation for me. thanks a lot.

5. Basha

But the truth is all the stocks are breached their quarter low
So if techinal works mean so there is no need for waiting de news, so my suggestion will modi can win in this election but can’t show with majority wins so now only de real game starts and also another side at any time we have to face the ukraine and russian problems too this lokshabha reulsts will affect nifty it will makes worse all lets wait and see (Make it Simple)

6. Ramesh

Sirji,

Excellent post. Waiting for these figures.

Regards,
Ramesh.

7. Sudhindra

Bramesh,

Looks like harmonics are hinting at “Ab ki baar modi ki sarkar” 🙂
Good post …have not seen anyone posting harmonics for nifty.

Regards
Sudhindra