Nifty

We've got a bearish BAT Gartley pattern in the making with a maximum upside potential of 6060.

From the earlier top of 6335 we had a similar pattern with targets of 5500 & 5200 (both of which were achieved)

In this pattern:

X is considered as a swing high and taken at 6180
A is taken as the swing low at 5176
B is taken as the next swing high at 5604
C is taken as the next swing low at 5350
D is in the making - can head up to 5927 (227% of BC) / 6021 (261% of BC) / 6060  (88% of XA) which would be the maxium upside potential.

Targets for this BAT would be 5500 (61%) / 4950 (127%) & 4650 (161%)

SBIN - Lot size 125 - Margin - 53680

One can go long here for 2630 - SL 2540 - Safe players can go long above 2650 for 2771 & 2830 (gartley tgts)

It's trading a Symmetrical Triangle

Below 2540 - We can trade for 2450 / 2385

Areva - Lot 1000 - Margin 47000

Bullish ABCD - also looks like a WW - go long with a SL @ 243.80 and target of 270 / 300 / 315

Banknifty

One last final move up to 11366 / 274 / 150 to complete this gartley. Incidentilly this also will complete an ABCD pattern, and then down to possibly to 10500/10300. If we see a breakdown here we're headed to 9200/9400

In the hourly we're oversold so this bounce should start Monday go on for 4-5 days.

BhusanStl - Lot 500 - Margin 36000

Another example of an ABCD bearish pattern along with a Wolfewave. One can initiate shorts @ 441 & 450 with Targets @ 384, 341 and lower

Nifty

I've been looking at this chart and wondering what's developing.

Putting forward my thoughts here - While the wait gets longer the fall gets steeper. So for now it seems like the market is in limbo.

There is a potential gartley with targets @ 127%, 161% and 188% (5600, 5650, 5700) - You can go long here with a SL @ 5402.

There are smaller bearish WW's which can take this market down to 5300. So trade with a small SL - 5445 (risk 40 points)

Reward 100, 150 & 200 points.

After which targets for this Gartley would be 5330, 5250, 5170, 4975

The larget WW would take this down to 4750 in April - May

Nifty Daily

Daily chart with a Gartley

SL - 5170

Target 5870

DISHTV - Lot 4000 - Margin 44000

Correction targets 55 / 54 Short @ 62!

ITC - Lot 2000 - Margin 49000

Chart attached

Educomp - CMP - 415- Lot size 500 - Margin 46000

Nifty

Here's an updated view - Nifty forming a HnS & ABCD Gartely- No bullish WW's in the making so far. Mkt likely to head towards 5200

Titan - Lot 125 - Margin 79000

Bullish gartley on Titan Tgts 3580 / 3700

SL 3460

Divislab - Lot 500 - Margin 48000

Short @ CMP 661 Targets 620 & 572 / 464 as per gartley & 600 odd as per WW.

This one has both Gartley & Wolfe

Nifty

Bearish gartley on 30 minute chart. Targets in the chart

Hindalco - Lot 2000 - Margin 79000

Short @ cmp 243

Tgt 222

Bullish Gartley pattern achieved - Now for reversal.

Nifty

Sharing my analysis - Please leave your comments / observations.

RCOM - Lot size 2000 - Margin 47000

I wanted to post some interesting stuff while I was going through this chart of RCOM.

Here is a weekly chart showing you a Gartley. But this gartley is not complete until the stock heads down to 110 / 83 level.

Here is a daily chart of RCOM - Wolfewave & Gartley in the making. It seems that the stock could go this way. Keep a SL @ 119 and go long for 140/160. It would also mean that the stock would head down after testing 140 / 160 to - 100 or 80.

Question from Sujeet - Godrejind

A weekly chart attached. The stock could fall a little more possibly 160-150 - Add here and exit around 200-210 - After which I would expect it to test 120-110.

Sujeet please track this and lets follow up when price reaches the levels mentioned above.

INTERESTINGLY THERE IS ALSO A GARTLEY PATTERN

TARGETS MENTIONED THERE AS WELL

SRTRANSFIN - Lot 500 - Margin - 66000

There is a bullish gartley pattern (AB=CD) & wolfe wave on SRTRANSFIN

Note the bullish divergences below.

Also, i've drawn out the sweet zone - this is the area where this stock needs to be bought.

There is an EPA & ETA

Agressive trade - Buy @ CMP SL 662

Target 830-40

Follow up - Bankbaroda

Follow up on this post - here

Shorted bankbaroda @ 866 & it went up to 870+ We went by this bearish gartley & a WW

Look what happened