X to A = 99
A to B = 61
B to C = 38
C to D = 61
A to D = 85
Here, AB = CD
AB/XA = 61.61%
BC/AB = 62.29%
CD/BC = 62.29%
First Target will be 61.8% of AD, which is about Rs.750
Second Target will be 127.2% of AD, which is about Rs.694
Thursday, May 28, 2009
A Perfect Gartley in Axis Bank
,
Axis Bank has formed a very nice Gartley Pattern since past 7 days.
X to A = 99
A to B = 61
B to C = 38
C to D = 61
A to D = 85
Here, AB = CD
AB/XA = 61.61%
BC/AB = 62.29%
CD/BC = 62.29%
First Target will be 61.8% of AD, which is about Rs.750
Second Target will be 127.2% of AD, which is about Rs.694
X to A = 99
A to B = 61
B to C = 38
C to D = 61
A to D = 85
Here, AB = CD
AB/XA = 61.61%
BC/AB = 62.29%
CD/BC = 62.29%
First Target will be 61.8% of AD, which is about Rs.750
Second Target will be 127.2% of AD, which is about Rs.694
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