Latesh_Narula

Is Bank NIFTY A buy ??

Long
NSE:BANKNIFTY   NIFTY BANK
NSE:BANKNIFTY a buy ??
Read Chart for details.
Comment: low of yesterday was 10295.. till it is nt taken out pattern is intact .

Comments

Hi,
I am new to this technical analysis pattern.
Can anyone please say name of this analysis.
How ABCD is drawn.
Just name it I will find tutorials about this.
Thanks
Wuza
Reply
is it bearish bat?
Reply
@Aakash95, NO
+1 Reply
Aakash95 Latesh_Narula
@Latesh_Narula, than what it is?
Reply
@Aakash95, gartley
Reply
Aakash95 Latesh_Narula
@Latesh_Narula, ok but it looks like bearish cypher because in bearish gartley bc should be 38.2% or 88.6% of the AB right?
correct me if i am wrong sir
Reply
@Aakash95, they are almost the same in criterion , Gartley is a traditional pattern . After it , the other harmonics were founded.
Reply
Aakash95 Latesh_Narula
@Latesh_Narula, sorry sir its perfect i misunderstood ur pattern
anyways nice spot
Reply
@Aakash95, secondly it is Also ABC .
Reply
Aakash95 Latesh_Narula
Reply
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