Gartley

Nifty - Forming Bullish Gartley Pattern It is been observed that the price action is forming a bullish Gartley pattern on daily chart that suggest a short pull back from the current levels. I believe it shall go up to 8680 levels before it continues its down fall. Key Points: Strong Support levels at 8568-8521 Bullish Gartley Pattern formed MACD AND RSI Oversold Therefore, one can take a long position, while keeping a strong stoploss as marked below Target: 8680 Stoploss: 8525

ICICI BANK: Bearish Bat Pattern + Bullish Gartley in Progress As observed on daily chart, there were two harmonic patterns identified on daily chart mentioned below First: Bearish Bat Pattern - Completed - marked in yellow Second: Bullish Gartley Pattern - in progress to complete D leg - marked in Green Target: 255 Stoploss: 267

Gartley : The Gladiator ! Will it Save Nifty ?!Even I'm wondering how I get these title's in minutes. ok, lets not boast so back to analysis of Nifty ! So what are the components of today's chart ? We got, (i) Bullish Gartley - The Gladiator (ii) Bullish ABCD completion (iii) Elliot wave counts (iv) Trendline in Support zone We have the Gartley & ABCD pattern completion in our support zone 8500's (approx.) so if patterns behave as they ideally behave Nifty may rise up till resistance zone 8680's. But we should note that, for past 2-3 weeks

Nifty : Catching the Falling Knife !Hi Guys ! Yes, going against the trend is catching the falling knife, but if you have the skills, there won't be any fear. From the Nifty chart we can clearly see that there is cypher within Gartley. I expect the cypher to give Gapup open today. If the cypher fails & support is also broken, we do have another potential Gartley completion around 8620's. Those who are trailing stops on short trades, will enjoy Nifty if that happens. Just another note, some believe that if there is support

Nifty : Will Double Top & Gartley work Together ?!So, just by one quick look on the chart you will be know about the beautiful Gartley {updated yesterday morning, so I'm not sure how many of you noticed} and Potential double top formation. We predicted Nifty will taking off after Fed's but turned out to be profit booking & boring day. I don't have much expectations today also.Nifty may be ranging within 8900's - 8840's. The trade setups we have today are : (i) If Double Top confirmed with Bearish Reversal - Short Nifty (ii) If we find support

Potential Bullish Gartley - Mahanagar Gas LTD Long Entry @ 600 Target @ 622 SL @ 583

Gartley Pattern - Carin India Bullish Gartley Pattern is formed on Cairn India. It's time to go long. RSI is also showing bullish divergence. Long Entry @ 191 Target @ 199.50 Stop @ 185

Reliance : Gartley with an ABCD to go short !We have resistance zone in Reliance from 1067's to 1075's, and in the same area we have bearish gartley completion along with ABCD completion. As mentioned in chart itself, it just increases our confidence or to validate setup ( our direction of trade). But that wo't give assurance that it will be successful trade in Reliance. Happy Trading !

Nifty :Crab to Grab, Gartley to catch, Elliot to Watch ! The Pattern wings had similar color, so to avoid confusion , I m posting with different colored wings ! Sorry for delay ! All New Day I'm little elated today after two back to back boring trading days, bcos today we have potential trading opportunities. We have Crab to Grab in Resistance Zone, A Gartley to Catch within Range & Elliott to Watch Nifty Swings. Let's prepare our Arms n Guns and prepare Battlefield Strategies...! Strategy 1 : If Nifty remains within 8700-8750's, Don't attack direct

Bearish Gartley - BAJAJ ELECTRICALS Bearish Gartley pattern is formed. Short Entry @ 279.50 Target @ 261.00 SL @ 287.50

Coal India : A Step or Two Ahead... Potential Gartley !Enter short positions in CoalIndia , only if there is valid bearish confirmation around 331 zone After Target-1, you can either trial stops or reverse the trade bcos of Bullish Gartley If coalIndia shoots up in resistance zone, dont enter short positions.

DAX (Weekly Chart)The structure of Bearish Gartley (marked blue) and Bearish AB=CD (marked green) suggests an end of honeymoon period for bulls. With ECB meeting scheduled today and INDEX:DAX trading around 10,750, there can be short opportunity in the range of 10,800-10,950 for the target of 9,300-8,800 with the stop loss of 11,500.

Nifty 50 : Potential Gartley & Bat pattern In Nifty we have two potential patterns, when there is potential patterns bcos of greed we tend to trade CD moves, its really bad habit. You should not trade CD move during your learning phase of patterns. The safest setup is to trade after pattern completion from D point. In Nifty, a week before we had more than 300 points in 10 days just by patterns but that doesn't mean that pattern is winner everytime, we should realize that fact. The above patterns may or may not complete. If it completes

Nifty 50 : Hearti'ley Gartley - Expecting Gap Up !Happy Monday Guys ! With 29 mins to go before Nifty goes live for the day, It will be thinking as " Shall I Gap Up for the day ?? " " What I can do to surprise them ? " . We are getting back to back patterns, we had Bearish Cypher which resulted in fall of Nifty & Bullish Cypher which kicked the price for Gap Up on friday right on Target-1 and Now, we have Beautiful Gartley and bcos of that reason I'm slightly biased towards Gap Up and hitting minimum Target 1. So this Nifty ranging will g