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Short

BharatForg: The Bearish Gartley

NSE:BHARATFORG   BHARAT FORGE
The Pattern has not yet completed itself so in anticipation of it being a bearish Gartley , the potential reversal point could be around 1174. The level 1158 could also act as a supply zone , so I would call 1158-1174 to be a potential reversal zone. If price breaks above the yellow trendline (shown in chart) it would have tendency to test the reversal zone. The pattern would fail if 1174 zone is breached on the upside.

If price breaks below the yellow trendline , 1064 should be a level to watch out for. The price may reverse from this zone to complete the pattern on the upside.

Hit like if this idea was informative and helpful. Comments are welcomed.
Trade safe.

Best Regards
Bravetotrade
Comment: Brokeout above upper trend line. For such a price action, 1174 seems like a piece of cake. Pattern's validity would be tested tomorrow.
Comment: Bulls are sniffing the targets.
Comment:

Flying towards PRZ
Comment: PRZ revised
Comment: Must See!!
Comment: 10 point gain..nice move
Comment: One can consider taking partial profit here.
Comment:

Reverse trades with harmonic patterns are difficult, but sometimes patience pays.
Trade closed manually: @1169
is it in the prz level?
Reply
Bravetotrade drchandramohankk
@drchandramohankk, it was there in the morning, reversed right back from there. Let's see if it retests or not.
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