Bearish Gartley on Nifty

[VINI111]

Hello ,
I Am Small Investor. I Want To Discuss About The Small Cap Stocks Can Somebody Will Help Me.

 

[ranjan]

what do u want to know or discuss

 

[gaussias]

anybody noticed the fantastic pattern thats forming on the 30 min charts of NIFTY.

 

[swagat86]

anybody noticed the fantastic pattern thats forming on the 30 min charts of NIFTY.

U mean gartley???

 

[gaussias]

yes its a bearish gartley in formation (another day or so it should complete at around 4125) with lots of things happening simultaneously.the divergence on the MACD, the resistance at around 4125 (which is 141.2% of the last move (from 4050 to 3840) previous to the current rise, the consolidation that has happened between 4095 and 4070.it tested the 4125 previously and couldnt hold.so if the pattern thats forming ends in a gartley at 4125 we might catch a good move.

 

[swagat86]

Cool can u pls post a chart. i Dont hav nifty data, i hav Nifty Futs data.


That wud be gr8

Thanks

 

[ping_manoj]

This is a pattern called Gartley forming on Nifty.
To what it is like just look at the other charts.


Thanks

Hi Swagat,

Interesting it is...
Is there a website or some resource where one can lear more about this pattern?

Also pls refer to the attached HeroHonda chart and tell if there is any such pattern which I have marked...

Regards

MANOJ

 

[swagat86]

Hi Swagat,

Interesting it is...
Is there a website or some resource where one can lear more about this pattern?

Also pls refer to the attached HeroHonda chart and tell if there is any such pattern which I have marked...

Regards

MANOJ

Hi Manoj, yes herohonda had in formed this pattern But in Dec . But the chart u hav drawn has to take care of measurement. Check the first post of this thread for the basic deatails.


For Books etc just go to 4shared and search Gartley.


Thanks

 

[ping_manoj]

Hi Manoj, yes herohonda had in formed this pattern But in Dec . But the chart u hav drawn has to take care of measurement. Check the first post of this thread for the basic deatails.


For Books etc just go to 4shared and search Gartley.


Thanks

Thanks Swagat.
Herohonda has made a bearish pattern or a bullish one please?

Thanks again.

 

[swagat86]

Thanks Swagat.
Herohonda has made a bearish pattern or a bullish one please?

Thanks again.

In Dec it formed Bearish.