Gartley explains the swing rise on IFCI

hello friends,

see the charts , every thing will be clear!!!!!

10days , 30min chart for IFCI,

Entire trade explained:

a)Pattern setup
b)Entry
c)Stop
d)Target

this is unique with gartley patterns. If you dont know them, search on www.investopedia.com

Any comments welcome,

Regards,
Winston

Entry: after point E , price Breaks the point C price from downside to upside.

Winstonn,

You r right but in Bullish Gartley ,it is "x" ,"A,"B" "C" & "D" ,your A should be "X" & accordingly all other markings should also change .In bullish gartley A to B = .618 of X to A etc etc,hence your markings of the wave should change only.

Asish

Hi Asish,
thanxs for correcting
ohh!!! ya, i was in a rush of excitement!
well, it is X-A-B-C-D
instead of ABCDE.

Regards,
Winston