AbhishekHSinghCMT
Long

Federal Bank- Gartley & Trendline -Federal structure for 128-130

NSE:FEDERALBNK   FED BANK
Below 116.50 - it could fall to the support of 114.50-115 - If holds shown by small red arrow & later getting support of red trendline & gartley last leg attraction can push the structure to 128-130 zone as the possible target zone which can be seen in coming weeks & months.

We need to see support coming in 114-115 zone for the last leg to push up & kiss the desired zone as expected above.

Let us wait & see whether this Trendline & Gartley last leg can unite to form this federal structure desired by the bulls for so many months. Once this structure completes & it faces resistance in 128-130 zone. You all know what structure it could be? don't you - It is bearish gartley - simple.

Bearish Gartley- what will you do - Please tell your answer in comments.

Have a nice weekend.

Trade active: 24th July 2017

Correction - Pattern is not gartley - It is bearish crab pattern

Last 117.70 Call is not active yet. It activates below 116.50 for short term down till 114.50-115 - if holds then we plan to buy for last leg attraction.
Trade active: 13:39 Hrs 24th July2017

Last Price@117.95

Pattern is just for reference & why it is not valid - a colleague asked me a question in comment.
kindly read harmonics & various types
name changed from gartley ( correction as suggested above) - It is crab pattern - so what
Haven't I given the execution level- Yes
Bearish Gartley was suppose to complete in 128-130 zone
Are we at that level- No

Please read how to execute the trade & do not become bias with patterns.
Patterns keep changing - Execution is fixed

Please read how to execute the trade & when to execute.

Yes -there is a correction in pattern name - instead of gartley it is crab - so what - I have changed the name- did it make any change -no
Because that pattern completes in 128-130 Zone.
Trade active: 10:35 Hrs 25th July2017

Last Price@117.90

Opened at 117.40

Yesterday went close to 116.50 at 116.70 odd levels & opened at 117.40 looks like a small pop up in the zone 119.119.50 so we shall be looking some resistance in that zone but surely safe call is below 116.50 short term downside to 114.50-115 zone.
Trade active: 10:56 Hrs 25th July2017

Last Price@118.65

heading close to 119.00 - 119.50 zone half distance covered.
Trade active: 11:05 Hrs 25th July2017

Last Price@118.40

Turns from 118.70

Staying in long position is little risky so we will wait outside - do your own analysis as moving below 116.50 likely drags down to 114.50-115 Next.
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
| LinkedIn
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
Beautiful
Reply
Cheers!
Reply
SatyamMishra AbhishekHSinghCMT
@AbhishekHSinghCMT, iam long from 117.5 sl with 116.4 will go short at sl also
Reply
@SatyamMishra, Market never moves in one direction unfortunately - in morning it moved up to 119-119.50 zone - I was expecting & also update to be careful - it has already turned from 119.05 highs of the day.
Reply
SatyamMishra AbhishekHSinghCMT
@AbhishekHSinghCMT, long from here
Reply
NamantSatiya NamantSatiya
@NamantSatiya, Looking like an ascending triangle, expecting it take support at 114levels and then give a breakout.
Reply
@NamantSatiya, Possible
Reply
NamantSatiya AbhishekHSinghCMT
@AbhishekHSinghCMT, both patterns(yours and mine)look bullish,and take support at 114 levels. Should definitely be a good buy if 114-115 is sustained. Favourable risk to reward ratio also.
Reply
Dude, its not Gartley.
Reply
EN English (IN)
EN English
EN English (UK)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out