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#44
22nd January 2007, 06:54 PM
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Re: Bearish Gartley on Nifty
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#45
22nd January 2007, 07:06 PM
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Re: Bearish Gartley on Nifty
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.
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#47
22nd January 2007, 07:25 PM
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Re: Bearish Gartley on Nifty
Quote:
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
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#48
22nd January 2007, 07:34 PM
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Re: Bearish Gartley on Nifty
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For Books etc just go to 4shared and search Gartley. Thanks
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#49
22nd January 2007, 07:39 PM
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Re: Bearish Gartley on Nifty
Quote:
Herohonda has made a bearish pattern or a bullish one please? Thanks again.
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#50
22nd January 2007, 07:40 PM
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Re: Bearish Gartley on Nifty
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