Setup -- 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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Bravetotrade
First we need to focus on EurCad daily chart .. here i can find that market breaks 0.236 Fib level which clears the path for next fib 1.4382.. Bingo so we meet with Third condition Take Profit 1.4380(2pip down from target)
4 Hour chart
My second chart
here i can see market is trying to creat a Crab gartley Pattern .. which have a target little bit upside .....
INFOSYS: IS STRUGGLING to Get DIRECTION ?
Is waiting for Q1 Result?
How to manage Rupee Appreciation is KEY Challenge for Mgmt.
Revenue may be in Pressure, Due to Major Earnings from USA.
KEY Factor is USD/INR & EUR/INR
USD: Trading Range in Q1
High - 65.175, LOW - 63.92
Compare to Q4
High - 68.645, LOW - 64.79
So, Cross Currency MATTERS.
WHEN THERE IS...
Lets see if a reversal signal is generated.
Nifty has filled the last two recent gaps, so I am expecting it to fill this one too if the pattern becomes valid.
BB has tightened up, a breakdown could add to confirmation. (Median 20 MA acting as support for now at 9602-9604.
ARVIND @ 359.85
IS GST Impact already DISCOUNTED !!!
Entering towards BUY Zone , Bullish GARTLEY on the way.
B = 0.618 of XA, Here 0.595, Criteria Fulfilled
C = 0.382 - 0.886 of AB, Here 0.565, Criteria Fulfilled
D = 1.272 - 1.618 of BC, till Now 1.303 Criteria Fulfilled
D = 0.786 of XA Till Now 0.697
To Fulfill...
AMARAJABAT: @ 849.75
Is Back to Back HARMONIC ?
Possible Decent Upside AHEAD.
Scenario #1: If Formation towards Harmonic Bearish GARTLEY , TGT: Nominal Upside & Should be @ 912+
Scenario #2 : If Formation towards Pattern "W" , TGT: Decent Upside & Should be @ 977+ ( May Be in Between @ 959 - @ 981 )
Scenario #3 : If Formed Harmonic Bearish CRAB TGT Should...
Harmonic Garley -Bounced off with Morning star candlestick pattern at 1720 - Short term upside targets 1740-1750 going above 1733 highs. Stops below 1720 going above 1733.
GSFC: @ 125.45, RCP: @ 126.2 (LTP at 03:29:59PM, i.e Last Tick in Normal MKT.)
Towards Formation of Bearish GARTLEY
B = 0.618 of XA, Here 0.614, Criteria Fulfilled
C = 0.382 - 0.886 of AB, Here 0.601, Criteria Fulfilled
Projected "D" = 141.3 Normal TGT.
To Confirm Rest two Criteria
D = 0.786 of XA &
D = 1.272 - 1.618 of BC, Projected 1.466...
Dear Traders,
We have a bearish harmonic trading setup on TVSMOTORS - 15 Mins Chart. Bearish Gartley pattern has almost completed. My criteria for entry would be retest of PRZ and overbought RSI.
Trade Levels:
Entry: 544.50-546.50
Stop: 551.65
T1: 538.70
T2: 544.50
Good Luck!!!
