It appears to be a perfect Gartley on the weekly chart for NSE:DABUR .
Also it has not broken the lower support levels since around 2012 or so.
Target : 300
Stop Loss : 245
We can expect a reversal for the short term as a trade setup as there is a chance of Bullish Gartley pattern on BHEL.
Potential Reversal area - 122.50 - 124.50
SL 122.
128 would be a reachable target. However 0.618 retracement from C point (130.45) to futuristic D point would be an ideal target.
We have potential Bearish Gartley on BPCL.
Expected reversal area around 650 - 656.
The pattern gets failed if D leg fails to cross 649 (upside).
Kindly wait for the reversal sign before initiating the trade.
We have multiple setups of Bullish Gartley on IDBI. Channel support is nearer and slightly below that level can be treated as SL point.
Just wait for the reversal signal before taking a trade as index is not supporting.
So, just by one quick look on the chart you will be know about the beautiful Gartley {updated yesterday morning, so I'm not sure how many of you noticed} and Potential double top formation. We predicted Nifty will taking off after Fed's but turned out to be profit booking & boring day. I don't have much expectations today also.Nifty may be ranging within 8900's -...
Entry price: 1994.8
SL - 1834.25
Target - 2107
Note: View shared for educational purpose only. Conduct your due diligence before making any trading/investment decisions.
Entry price: 685.15
SL - 659.55
Target - 750.8
Note: View shared for educational purpose only. Conduct your due diligence before making any trading/investment decisions.
