H.M. Gartley's most trusted harmonic pattern - Bullish Gartley could be right there in the zone 17450-17475 which is assumed to be potential reversal zone.
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Target
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1st Target upside - 50 Period Moving Average = 17675
2nd Target upside- 17740 - where fall started on expiry day @ 30th Sep2021
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Stop Loss ( Avoid trading )
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As a trader you should always know where you can go wrong. In current case - Potential Reversal Zone 17450-17475 can fail if Index fails to get the support.
Historically - 17430-17440 is another important zone which was 2nd Target in the idea published on 8th Sep2021 - Bullish Butterfly
-------------------------
Target
-------------------------
1st Target upside - 50 Period Moving Average = 17675
2nd Target upside- 17740 - where fall started on expiry day @ 30th Sep2021
------------------------------------------------
Stop Loss ( Avoid trading )
------------------------------------------------
As a trader you should always know where you can go wrong. In current case - Potential Reversal Zone 17450-17475 can fail if Index fails to get the support.
Historically - 17430-17440 is another important zone which was 2nd Target in the idea published on 8th Sep2021 - Bullish Butterfly
Trade geschlossen: Ziel wurde erreicht:
Target reached 17740 & Day High - 17751
Best Regards,
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
08:51 Hrs / 6th Oct2021
Nifty Update
Index short term could have a negative bias if holds strictly below 17800-17825 zone. Key support-17675. Support & Resistance can be viewed as profit booking levels. Break below 17675 & holds as resistance than 17550-17575 Target zone.
Thanks