Bullish gartley pattern completed on daily TF. Potential targets on reversal marked with Fib retracement of CD leg.
Also, a major demand zone is present at reversal levels. Stochastic RSI and RSI 14 indicate reversal too.
Hello & welcome to this analysis
The H&S formation saw it complete its minimum breakdown of 1-1.27x Fibonacci extension.
Today in the daily time frame it completed the formation of a Bullish Harmonic Gartley suggesting a reversal from the current level (3900) for 4250 and 4400 as long as it does not go below 3800.
Happy Investing
share name : alkem lab ltd
call type : positional or investment
- share is forming a cypher pattern with ab=cd
and double bottom
- a good consolidation can be seen between
level 3369-2828
- 3369 is a hurdle zone for this share which
acting as a huge resistance
- we can accumulate this share around
2969(after competing of gartley in shorter
time...
Stoploss - 38531
Target
39000
39600
Bullish Gartley seems to be hiding in the price structure. If Index holds key level of 38531 & 38492 then we expect Index to push upside towards 39000 & 39600 in next few sessions.
Hope you did your due diligence at the tops of 41840's & enjoyed the tops from last idea. Check the related idea below.
Thank You
The fall from 18605 looks choppy & messy suggesting that the index could have finished a part of the corrective structure at 17799 lows @ 28th Oct2021 if holds above that level.
Bulls & Bears will be locking their horns between 18605 high & 17799 low – a range of Approx of 800 points.
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Short Term Scenario
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...
HCL Tech
Reasons/Traits :
• Bullish Gartley harmonic pattern is forming (gets confirmed if price goes and stays below 1254)
• Price below 13 EMA ready to touch 50 EMA
• Price is below 0.236 retracements levels
• RSI falling
What can happen next :
Scenario 1 : Price sustaining above 1265 levels can take it to 1285/1335/1365/1400 levels
Scenario 2 : Price break...
H.M. Gartley's most trusted harmonic pattern - Bullish Gartley could be right there in the zone 17450-17475 which is assumed to be potential reversal zone.
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Target
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1st Target upside - 50 Period Moving Average = 17675
2nd Target upside- 17740 - where fall started on expiry day @ 30th Sep2021
...
As per harmonic pattern in Hourly timeframe is showing Bullish Gartley
trade idea is already shared with risk reward ratio of 1:2
Kindly enter in trade when any Bearish or reversal candle is seen at the entry price 👆🙏
best of luck
Short Video connecting the path which unfolded for Index Nifty after Bullish Gartley at 17055 –last idea & upcoming moves to be expected with key & critical levels.
Thanks for watching the video
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Last Idea- 2nd Sep2021- Bullish Gartley at 17055...
Buy At cmp
Stop Loss 112.40(CLOSING BASIS)
HEY TRADERS,
THIS PREDICTION IS BASED ON A HARMONIC PATTERN AND THE HARMONIC PATTERN IS 100% ACCURATE AND10000% RISKY BECAUSE IT IS AGAINST THE TREND METHOD...
HOPE YOU ALL FIND SOME VALUE Here...SO, DON'T FORGET TO LIKE AND SHARE THIS POST. DON'T FORGET TO SUBSCRIBE.
COMMENTS WRITE...
Info Edge has been showing signs of a good up moves to levels of 5850-6100 in near future.
As soon as it clears the hurdle price of 5500 we can expect an even bigger rally.
Fundamentally a stong company should buy it for a mid to long term perspective.
There is a bullish harmonic pattern found in Silver Micro.
As per Gartley pattern decent profit possible against small stop
Entry at green line and exits at blue and black lines marked
Take your own analysis and enter
Good Luck
