ASIANPAINTS - Bullish Gartley - 4H TF

Bullish Gartley pattern on 4H Chart of ASIAN PAINTS. BUY 1330-1331, SL 1314.9, Target(s) - 1346, 1352.

I don't prefer Gartley pattern too much, so my Target(s) & SL may be a hit/miss for this one. Let's see how this one turns out.

Kommentar:

Yesterday reversed from 1332.7. Near-miss reversals invalidates the levels irrespective of it achieving the target. You can see clearly see why it should be avoided. Selecting the right reversal levels is important Yesterday, this same thing happened in Voltas too and today a big red candle.