CE info system
Target will be 2300
According to ABCD pattern
Find AB
Point A is a significant low
Point B is a significant high
In the move from A up to B there can be no lows below point A, and no highs above point B
If AB, then find BC
Point C must be higher than point A
In the move from B down to C there can be no highs above point B, and no lows below...
Kotak Bank appears to be in the process of forming a Gartley pattern. According to this harmonic pattern, the projected target price is approximately 1903
Rules for this pattern:
However, in order to qualify as a Gartley pattern, the following rules should be qualified:
Point B retracement of the original XA leg should lie between 0.618 and 0.786 level....