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Nifty - Forming Bullish Gartley Pattern

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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
Dagangan ditutup: sasaran tercapai
Nifty Targets achieved, book profits.

Penafian

Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.