IDX:NIFTY 50 - chart - 1350331
NIFTY SPOT CMP 11160
BULLISH GARTLEY PATTERN FORMATION ON HOURLY TIME FRAME.
PRZ IN RANGE 11090 TO 11010
PATTERN VIOLATION BELOW 10955 (NEED HOURLY CANDLE TO CLOSE BELOW THIS LEVELS)
UPSIDE :- 11286 NEAREST RESISTANCE ,, ABOVE WHICH INDEX MAY SPIKE TO LEVELS OF 11376,,11487,,11567
0.786XA RETRACEMENT AT 11084 LEVELS
1.27BC EXTENSION AT 11067 LEVELS
AB=CD EQUIVALENT AT 11014
B POINT RETRACEMENT OF XA SHOULD BE AROUND 0.618,, WHICH IS BIT HIGHER BUT WE HAVE CONSIDERED
GOOD LONG CANDIDATE IN PRZ RANGE WITH STOPLOSS OF 10955
RISK OF 60 TO 140 POINTS
REWARDS SHOULD BE 280,,350,,450 POINTS.