Update on Bullish Gartley Pattern: 30 Aug 2012: 11.15 AM:
The First target of the leg D of the Bullish Gartley pattern at 113% retracement is achieved at 9980. If supported then upsides to,
| 38.20% | 10225.94 |
| 50.00% | 10305.00 |
| 61.80% | 10384.06 |
Failing support at these levels would lead to
| 113.00% | 9980.08 |
| 127.00% | 9898.32 |
| 141.40% | 9814.22 |
| 161.80% | 9695.09 |
Bullish Gartley Pattern:
XA - 9622 - 10782
B - 10056 - 61.8% retr
C - 10640 - approx 78.6% retr of AB
Holding C, Proj for D:
61.8% - 10279 - DONE
78.6% - 10180
88.6% - 10122
113% - 9980 - done
127% - 9898
141.4% - 9814
161.8% - 9695
UPDATE ON GARTLEY PATTERN: 9 aug 2012 - 1.00 pm:
The Bearish Bat Pattern mentioned on Aug 3 is completed to form the C - @ 10649 78.6% retr of AB of the Bullish Gartley pattern.
Bullish Gartley Pattern:
XA - 9637 - 10782
B - 10056 - 61.8% retr
C - 10640 - approx 78.6% retr of AB
Holding C, Proj for D:
38.2% - 10417
50% - 10348
61.8% - 10279
88.6% - 10122
UPDATE ON GARTLEY PATTERN: 3 AUG 2012. 12.00 noon
Gartley Pattern in Day Charts:
More Lows only on close below the TrendLine.
If Supported here it would be forming a small
Bearish Bat Pattern with,
XA -10782 - 10056
B - 10458 - 50% -retr of XA
C - 10209 - 61.8% retr of AB
Proj for D:
61.8% - 10362
88.6%- 10429
BULLISH GARTLEY PATTERN IN BANK NIFTY:
A Bullish Gartley Pattern has developed in Bank Nifty as shown in Hour Charts.
Bullish Gartley Pattern:XA - 9637 - 10782
B - 10056 - 61.8% retr
Projections for C:50% - 10419 - DONE
61.8% - 10504
70.7% - 10569
78.6% - 10626
88.6% - 10699
