AbhishekHSinghCMT
Long

Nifty - Bullish Gartley - Jump Above 10200 with stops @10175

NSE:NIFTY   Nifty 50 Index
Current Price@10188 13:12 Hrs             IST

Bullish Gartley - Key Level@10175

When to execute
Safe Traders should look to buy once index starts moving above 10200 with stops below 10175

Risky Traders can buy close in the zone 10180-10185 with stops below 10175.

Target - 10230 - 10275 - 10340
Comment: 13:15 Hrs 14th Nov2017

Last Price@10195

Risky Traders - We are in at 10188 just above the zone of 10180-10185. Keep in mind risk is 10175 - 15 points to lose.

We are in the train.
Trade active: 13:20 Hrs 14th Nov2017

Last Price@10205

Safe Traders - You are also in @10200
Trade active: 13:24 Hrs 14th Nov2017

Last Price@10205

Risky Traders took the train from terminal station. You need to trail the stop loss at cost which is 10185-10188 so you lose nothing.
Trade active: 13:32 Hrs 14th Nov2017

Last Price@10198

If you are feeling scared to enter then try going long above 10210 else close all position if it moves below 10185.
Trade closed manually: 15:21 Hrs 14th Nov2017

Last Price@10183

Day Low@10175

Went close to 1st Target at 10230 - session high was 10223 & made day low@10175.
Comment: 10:08 Hrs 15th Nov2017

Last Price@10152

Just a comment -till the time now 10175 is intact on upside - nifty is open downside for 10120-10090 zone next. Any move above 10175 shall be first hint for upside.
Comment: 13:45 Hrs 15th Nov2017

Last Price@10135

Session low@10130

As suggested 10120-10130 is good support so likely we should book profits from selling on top @10150-10160
Comment: 12:09 Hrs 16th Nov2017

Last Price@10180

Look As said It is close to the bottoms -selling is not advisable below 10120 -hardly some points downside
we booked yesterday in selling from 10150-10160 holding stops above 10175 at 10120-10130 & today bounce of 50-60 points.

Take Care - This post is already closed. So, I won't be putting any more updates for nifty. Thanks
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
This isn't a gartley, you cant have a second point that is lower than the B before the C...
Reply
@razultull, Which point are you talking about. Be more clear & crisp.
Reply
razultull AbhishekHSinghCMT
@AbhishekHSinghCMT, Not sure how more specific i can be. You see that large green candle between the B point and the C point? The low of that candle is lower than your B point, this invalidates the formation.
Reply
@razultull, Hello, That is an irregular correction which is C point & C-point has developed as "a" - larger "b" which is green candle & "c" which finishes C-point.
Reply
Is this still valid tomorrow?
Reply
@pransss, Likely Pattern has evolved & it is no more gartley as D point extended below 78-80% range but from Trading point of view - It can be taken as valid till X-point invalidates means any move below 10125-10130 zone next is very strong support- holding that we can expect a bounce.
Reply
pransss AbhishekHSinghCMT
@AbhishekHSinghCMT, thanks. Can you please give me upside target if it bounces from here? Also good if you can share bnf chart..
Reply
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