Nifty - Forming Bullish Gartley Pattern

30 Eyl 2016

It is been observed that the price action is forming a bullish Gartley pattern on daily chart that suggest a short pull back from the current levels. I believe it shall go up to 8680 levels before it continues its down fall.

Key Points:

Strong Support levels at 8568-8521
Bullish Gartley Pattern formed
MACD AND RSI Oversold

Therefore, one can take a long position, while keeping a strong stoploss as marked below

Target: 8680
Stoploss: 8525

3 Eki 2016

İşlem kapandı: hedefe ulaştı

Nifty Targets achieved, book profits.