All mentioned & plotted on Chart.
My personal View.
As i am not SEBI regd. analyst, take this study as educational purpose.
For taking trade decision Consult with financial Advisor.
B = 0.618 retracement of XA leg
C = 0.382 to 0.886 of AB
D = 0.786 of XA leg
long position : at 'D' point..(entry)
Target 1 : B point
Target 2 : C point
Target 3 : A point
Target 4 : 1.618 of AD
Stop loss : Below 'X' point
On the 4 hour timeframe, we have an oppotunity to go long on Aditya Birla Capital . It's a Bullish Gartley Pattern .
Although, the price is sitting on the support line , we can expect the price to plunge a little bit more upto the Rs. 182 level and get us filled. However, the chances are minimal.
Once entered at 182.3 , we can look for our first target...
TATACOM has been moving in a down trend for a but, just complete a rather_round_wing_Gartley right on the edge of the trendline.
Awaiting a breakout or reversal.
BAJFINANCE -0.89% has been moving in a range for a while, completing the Blue_Bat and Green_Gartley. Currently back on the range support level , about to INVALIDATE the gartley if it breaks below X , or it can reverse back for the completion.
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
SUNPHARMA completed the Orange gartley pattern.ALso thers i a Green BAT pattern. It may retraace in the parallel channel , before making a move up to complete the bat. or just breakout straight away.
DRREDDY has been moving in a small channel for a bit,currently right on the 618 FIB. May breakout on account of good results to completing the gartley
Nice resistance / sup at every FIB level.
Bank India Gartley
Long at/above 132.1 at completion of our ABCD with SL 127
T1 - 142.85
T2 - 152 -0.13% .3
another trade is long above 137 with 131 SL
and 142 as target
Bullish 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...
