NIFTY WEEK CHART

BULLISH GARTLEY PATTERN IN BANK NIFTY

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

JUNE 28 BANK NIFTY FUTURES 5MIN

Below todays Low 9935 - the fall would be severe as a symmetrical/Contracting triangle would be broken downwards. Break of 9935 would be a Breakdown of H&S pattern too!!!

A LARGER VIEW OF THE CHART:

The triangle in Harmonic Chart:

BULLISH BAT PATTERN:

XA - 9045 - 10185
B (current) - 9584 - 50%
C(current) - 10185 - 100%
For D with C at 10185
50% - 9884
61.8% - 9813
78.6% - 9712
88.6% -  9652

Bank Nifty Harmonic Pattern May 31

Update June 14:

The Bearish bat pattern is almost complete with the initial target of D at 161.8% - 10198.

BEARISH BAT PATTERN:
XA -10645 - 8995
B - 9783 - approx 44.7% retr of XA
C - 9110 -  85.4% retr of AB
Projection for D:
9870 - 113% retr of BC
127% retr of BC - 9965
141.4% - 10061.62
161.8% - 10198.91

Development of Bearish Bat Pattern in Hour Charts:

BEARISH BAT PATTERN:

XA -10645 - 8995
B - 9783 - approx 44.7% retr of XA
Proj for C:
38.2% - 9482
44.7% - 9430
50% - 9389
61.8% -9296

TATASTEEL CHART OF ARIL 10

BANK NIFTY WEEK CHART APRIL 9

BANK NIFTY CHARTS MAR 23