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1 Post By durairajan
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bullish gartley devoloped into bullish deep crab
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in our india nifty index there is a pattern. in daily chart first it appeared bullish gartley.XB LEG .886 fixed.
and leg AC is .786. and on thursday it devoloped into bullish deep crab.because XD LEG extended to 1.272
and BD leg also extending 1.618 fibbonacchi ratio.now XD and BD LEG may move to downwards towards
fibbonacchi ratio .XD to 1.618. BD to 2 to 3.168.this is my surmise according the given facts.my calculation is correct .but
conclusion may vary.
this is a lengthy derivation .thanks for your patience
Last edited by durairajan; 08-25-2013 at 02:44 PM.
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I think its better to hold short on nifty
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yes indai's GDP growrth is failed it is expectation.so hold your short until nifty reaches to 4950.sl is 5545.it is a possitional long term short. dnt panic.
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hi durarirajan,
there are many stock markets in india,arent they?
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yes paulselvan nifty indices consists of 50 stoks.i am trying to concentrate only in nifty indice and state bank of india stock. now nifty is in bullish deep crab pattern .i think in possitional buy it will give further 200 points. because bullish deep crab always give 90% success. by the by i am following your chat with kor4x always.
nifty target next-5780
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..nifty is changing very fast : gartley->deep crab->target 5780 ,on 2 weeks
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