Thursday 22 March 2012

Gartley ---Final word

Axis Bank has formed a very nice Gartley Pattern since past 7 days.

X to A = 99
A to B = 61
B to C = 38
C to D = 61
A to D = 85

Here, AB = CD
AB/XA = 61.61%
BC/AB = 62.29%
CD/BC = 62.29%

First Target will be 61.8% of AD, which is about Rs.750
Second Target will be 127.2% of AD, which is about Rs.694


Time taken to form AB is equal to CD both took 30 mins to form, angles are same

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