Wednesday 20 March 2013

Bearish Gartley Pattern


Nifty may forming Bearish Gartley Pattern on day chart.  Possibilities are as follows.


XA  = 6112  - 5664  =  448
B = 5665- 5971 =  306  (68.30% of XA)
C = 5971 - 5682 = 289 (94.44  of AB)
Projection Of D
1.38 of BC  =  6083 
1.618 of BC =  6118
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1 comment:

  1. Nishikant20 March 2013 at 21:29

    BEARISH GARTLEY NEEDS A CONFIRMATION WITH A CLOSE BELOW 5647 & THE 200 DMA IS PLACED AT 5600 SO THE 5647 REGION COINCIDES WITH THE 200 DMA. THEREFORE 5647-5600 SHOULD BE BROKEN ON A CLOSING NOTE AND THEN WE CAN CONFIRM THIS PATTERN AS "BEARISH GARTLEY"

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