Search in ideas for "[GARTLEY]"
5887 Bullish Gartley set upReason for long
a) Bullish Gartley set up
b) Major challenge is major sectors are down and volume bar is also showing negative. Chance of failure of this set up is high. So low qty induces the no emotions to cut the loss at SL.
5804 Bullish Gartley set up at 5790Reason for long
a) Bullish Gartley set up for long
b) any reversal candle formation at 5790 levels validates the assurance of long.
c) Volume burst
WaveTalks- Nifty: Bullish Gartley 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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• Index can bounce upside. Reasons for bounce
• Harmonic Bullish Gartley PRZ (Potential Reversal Zone) 17799-17850
• Triangle B-D line extended in the right direction (red color dashed line)
• Parallel Channel drawn from 18605 &18342 holds the current bottom at 17799 (lows-28th Oct2021)
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Short Term Targets
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Strictly Holding Above 17799 lows –Target 1(T1): 17950 / Target 2(T2): 18050/ Target 3(T3): 18125 / Target 4(T4): 18325
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Last Idea - Gap Strategy
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Thanks
Nifty - Sell Only Below 15800 - Potential Gartley / Bat HarmonicFrom The Last Idea Published..... Closing comment - "Struggling to go below 15800 ---------------Avoid Selling ---------------Do not Sell-------If Index holds above 15800-------Thanks & Best Luck.
Trading Strategy
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Plan 1 - Sell Only Below 15800 - Do not trade if Nifty holds above 15800
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Target - 15675
Target 2 - 15565
Target 3 - 15505
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Plan 2 - Buy Once Bullish Harmonic Pattern Completes
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Gartley Pattern completes if Index halts close to 15565 (Target 2) mentioned in Plan 1.
Bat Pattern completes if Index halts close to 15505 (Target 3) mentioned in Plan 1.
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Thanks for your precious time. Wishing all of you happy weekend.