Gartley Pattern - Carin India Bullish Gartley Pattern is formed on Cairn India. It's time to go long. RSI is also showing bullish divergence.
Long Entry @ 191
Target @ 199.50
Stop @ 185
Gartley
Reliance : Gartley with an ABCD to go short !We have resistance zone in Reliance from 1067's to 1075's, and in the same area we have bearish gartley completion along with ABCD completion. As mentioned in chart itself, it just increases our confidence or to validate setup ( our direction of trade). But that wo't give assurance that it will be successful trade in Reliance.
Happy Trading !
Nifty :Crab to Grab, Gartley to catch, Elliot to Watch ! The Pattern wings had similar color, so to avoid confusion , I m posting with different colored wings ! Sorry for delay !
All New Day I'm little elated today after two back to back boring trading days, bcos today we have potential trading opportunities. We have Crab to Grab in Resistance Zone, A Gartley to Catch within Range & Elliott to Watch Nifty Swings. Let's prepare our Arms n Guns and prepare Battlefield Strategies...!
Strategy 1 : If Nifty remains within 8700-8750's, Don't attack directly with full-force. Hide n Strike like Gartley pattern which is hidden inside Crab,by scalping 10 or 15 points. Or if you use different strategy to trade, only do scalping within the above mentioned range.
Strategy 2 : Bearish Crab - So for this to happen either Gap Up open in our resistance zone ( lesser chances I believe ) or Move up to Crab's end. This is also the completion of Elliott's Wave-3. So reversal means start of Wave-4 & Short trade by Crab.
Now we will have doubt, why not get long on Wave-3 & ride till resistance zone, Well, there is no assurance Wave-3 will move as predicted, moreover we are on 15mins so Nifty may take any direction. We will be lucky if Gartley works fine on Shorting and we ride down breaking 8700's by trailing stops. Remember this is lucky scenario in Nifty and Nifty always makes us do hardwork, not easy winners. If Gartley fails our stops will be above 8747's, so we don't lose more than 8 points, a risk worth taking for Me. So please check your plan before proceeding.
Just happened, pre-market @ 8743, will love it if market don't spike up n moves all the way down. Get Ready...!
Happy Trading !
Bearish Gartley - BAJAJ ELECTRICALSBearish Gartley pattern is formed.
Short Entry @ 279.50
Target @ 261.00
SL @ 287.50
Coal India : A Step or Two Ahead... Potential Gartley !Enter short positions in CoalIndia , only if there is valid bearish confirmation around 331 zone
After Target-1, you can either trial stops or reverse the trade bcos of Bullish Gartley
If coalIndia shoots up in resistance zone, dont enter short positions.
DAX (Weekly Chart)The structure of Bearish Gartley (marked blue) and Bearish AB=CD (marked green) suggests an end of honeymoon period for bulls. With ECB meeting scheduled today and INDEX:DAX trading around 10,750, there can be short opportunity in the range of 10,800-10,950 for the target of 9,300-8,800 with the stop loss of 11,500.
Nifty 50 : Potential Gartley & Bat patternIn Nifty we have two potential patterns, when there is potential patterns bcos of greed we tend to trade CD moves, its really bad habit. You should not trade CD move during your learning phase of patterns. The safest setup is to trade after pattern completion from D point.
In Nifty, a week before we had more than 300 points in 10 days just by patterns but that doesn't mean that pattern is winner everytime, we should realize that fact. The above patterns may or may not complete. If it completes I will trade this setup else I will look for other trade setups. Its simple as that but don't take positions just based on Belief that it will work,its bad for your capital !
Lets wait for pattern completion....If no, lets search next trade setup !
Nifty 50 : Hearti'ley Gartley - Expecting Gap Up !Happy Monday Guys !
With 29 mins to go before Nifty goes live for the day, It will be thinking as " Shall I Gap Up for the day ?? " " What I can do to surprise them ? " . We are getting back to back patterns, we had Bearish Cypher which resulted in fall of Nifty & Bullish Cypher which kicked the price for Gap Up on friday right on Target-1 and Now, we have Beautiful Gartley and bcos of that reason I'm slightly biased towards Gap Up and hitting minimum Target 1. So this Nifty ranging will give Gap Up and reach our targets ? Let's see...
Happy Trading !
