When the 2nd target of this bearish ABCD pattern is reached, then the whole price movement makes a large Bullish Gartley pattern. Below is the 15th minute chart of BHEL with imaginary pink lines drawn showing the potential bullish Gartley, when the bearish ABCD 2nd target is reached.
Below is the 15 min chart of BHEL Marked both the bearish ABCD and Potential Bullish Gartley:
Watch out for more on this, I shall update with entry, stoploss and target prices of this potential Gartley when formed.
5 comments:
Logical and pure technical , no emotions ..nothing . Excellent!
Thank you Satyam.
One thing I realized the hard way is to be emotionless with stocks/own analysis/others analysis etc, which I havent been able to practice yet :)
To be able to look at charts and read the pure supply demand actions out of it is the ultimate nirvana.
Doji
You are spot on Doji. Foundation, patience and application , these 3 are main criteria in trading and in any aspect of life as well. The last one is the toughest, but persistent & honest hard work by few like u will reach sky. All the very best . I believe you really have the potential to be the best one. (not emotionally) :)
Hi Doji,
Amazing work. Will watch out for your followup.
BTW, missing your insightful Nifty analysis today! I will skip my breakfast but not your Nifty analysis every morning :) Please try to post it everyday, Thank you.
RAM
Thank You for your nice words RAM. I will try to be regular but time is always against the work :)
Doji
ps: please dont skip your breakfast for my analysis, there are plenty of wonderful blogs on Nifty out there :)
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