Bullish Gartley Pattern formed in Bank Nifty. Reverting from PRZBullish Gartey Pattern is being observed in BANKNIFTY at around 23650 which also defines the Probable Reversal Zone with 0.618 to 0.786 Retracement of XA and 1.13BC = CD and also, AB = CD at 23750. Only, Time filter is to be completed. Wait for 3 days to make an entry before it filters the fibonacci time zones and try to buy at dip near 23750 with Stop Loss 23540 and a target of 24350. Risk = 210. Reward = 600.
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Gartley
CadilaHC - Bullish Gartley Set up NSE:CADILAHC has formed bullish gartley setup.
Can go long above 473
T1 - 487.50
T2 - 501.50
SL - 451
PM Modi's 'Saubhagya' scheme-possibility to brighten POWERGRID.............All Spot & Future Levels are mentioned on Chart.
POWERGRID': The state-owned company that could possibly benefit is Power Grid which will help in providing transmission lines to connect the villages.
Power Grid, which spent Rs' 28,200 crore in FY17, makes regulated return on the equity investment in these projects.
Separate chart having Intraday LEVEL, will be published later, follow timeline
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CADILAHC: Bullish GARTLEY in Progress.All Spot & Future Levels are mentioned on Chart.
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GMR Infra - Bullish Gartley set upGMR Infra has formed Bullish Gartley Setup.
One can go long above 16.45
Target 1 - 17.60
Target 2 - 18.20
Stop Lost - 16
ESCORTS Gartley CompleteESCORTS just completed the Gartley pattern. Its kinda moving in a channel.
Broke out and took support on the edge, might bounce back as a classic breakout pattern,
If it crosses D again, it may test the X level, before invalidating the gartley.
or it can fall down in the channel and complete the targets.
Nifty - Bearish Gartley at 9960-9965 - Look for 9855-9865 Target09:45 Hrs IST - Last Price@9961
There is a resistance zone between 9955-9965 & possible failure can be expected for bulls on short term basis. Holding the zone 9960-9965 on the upside - we can look for 9855-9865 zone as our classic target zone achieved in last update from 9985 to 9860.
Bank Nifty - Bn as well is holding at the levels of 24400 which was yesterday's high.
Previous Update - An awesome fall from 9985 to 9860- Cracks 100 points & bounced - back in the pavilion.
NIFTY: Tag of WAR - Time for Bull / BearCandle Pattern Confusing.
Indicator / Oscillators favouring Bulls.
Rest Plotted on Chart.
for Intraday / Swing levels watch Post: "NIFTY: What's NEXT ? Spot & FUT important Level for 28th Aug '17"
Snapshot of above mentioned POST:
* More Updates on Market Hours, as Scenario Change.
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Nifty- Bearish Gartley at 9845-9855 Zone Sell for 9820-9790-9770Last Time BAT gave us 9880- Two targets & we were out at the top shown as oval shape. This time it is Bearish Gartley at 9845-9855 - That is the PRZ zone.
If holds below 9850 then it is good for target 9820-9790-9770.
Nifty should not sustain above 9850 which is a psychological level.
Previous Update - Bullish Bat at 9775
ICIL: Is Impact of Poor Result is Over ?Harmonic Pattern: Bullish GARTLEY.
Price Volume Action: Favours UP Trend.
In Last trading Day Close @ 117.3 (+4.3%)
Volume: Increased 68.25% more compare to Previous Trading day .
A/D: Change Status from " Distribution " to "Accumulation"
Annualized Volatility Increased to 82.53%
Trade Setup:
LONG: @ LTP + / -1% (40% of Investment)
Best LONG: @ 114.8 - @ 113.2 (30% of Investment)
More LONG: @ 110.95 - @ 109.3 (Final 30% of Investment)
Swing Target: @ 119.3, @ 120.75, @ 123 - @ 124.7 (HZ), @ 129.1
Short Term & Medium Term Target: Plotted on Chart.
SL: @ 105- (By Closing).
More Updates Later as Scenario Changes.
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Just Dial - Can Gartley & Butterfly Partner for 380-390-415-450Buy Back can be an important element providing good pitch for the both the batsmen- Mr. Green Gartley & Mr. Yellow Butterfly - can they dial 380 -390-415 & 450 - as spectators will be keen to know their fate in the upcoming session.
Trading Plan
Either moving above 370 if they are in hurry or we shall look for 358-362 Zone as the resting zone- if this zone holds & starts pushing upside then buy the tickets -it could be an exciting match for the day.
Targets
380-390-415-450
Previous Update - Forgot we picked at bottom 352-353 after lot of volatile drama & zoomed to 375+
BankBaroda - Next Customer- Crab. Earlier -Gartley & Cypher158-160 Zone is very important. Once double of 167-168 Zone is crossed safe traders can jump. Harmonic Traders can look for support in 158-160 Zone as suggested in previous post.
Gartley Result from 167 to 162- very close to 158-160 Zone
Cypher Result from 153 to 167
PVR: The Bullish GarleySetup -- Bullish Gartley
Entry -- Theoretically it is suggested to wait till the price tests the whole PRZ and shows some signs of reversal.
Stop -- Swing low below/at the PRZ
Target -- 1379; 1384
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Federal Bank -Taking U turn@119-Can this be bearish GartleyPattern Invalidates above 119.50+ . As suggested in previous update mentioned below in morning, which is running for federal bank- looking for a small pop up to 119.00 - 119.50 zone. Wow!
There is a bearish gartley which can play it's role if it remains below 119.50 for targets 117.80- 116.70 & below 116.50 as per previous update 114.50- 115 zone.
Previous Update - Gartley Trendline - Federal Structure ( Correction- it is Crab pattern)
Federal Bank- Gartley & Trendline -Federal structure for 128-130Below 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.
BharatForg: The Bearish GartleyThe 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.
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