SMALL CAP INDEXHello & welcome to this analysis
The index appears to be ending a wedge pattern near an Ichimoku cloud resistance with future Kumo bearish. It also has a slanting channel upper trendline resistance approaching.
The wedge would be considered broken below 17775, downside levels where it could then retrace to would be the Ichimoku Base line near 17400 and if that fails to hold it could further retrace till 16600 where it would form a Bullish Harmonic Gartley.
The PRZ of the Gartley coincides with a gap up area and the slanting channel lower trendline.
This bearish view would be invalid above 18150
All the best
Gartleyharmonic
SPICE JET - Now time to flyshare name : spice jet
call type : positional or investment
- share is forming a descending triangle pattern
- moring star on c point on monthly time frame
- we can see a good base on 61 it will definitely
act as resistance if it will take out and price
will form higher low . we will definitely see
targets up to 61,108 126 as per gartley
- we can accumulate this share at current level with stop loss of 33 which is all time low of this stock
thanks
SLong


