BEL - Possible Gartley - To be updated later with more detail if Point C formed as per chart
There are multiple bearish patterns have formed targeting much lower levels. Keeping below 1420, it can go till 970. CMP 1313
Bullish WW has formed and triggered at 251. Keeping stop at 248, it can tgt for 260/65
BN has also formed the bearish cloud cover pattern on month timeframe from upper band of BB. Bearish pattern.
By looking at month chart of banknifty, seems Point C of harmonic pattern Gartley has formed at 20575. If yes, then we are huge downmove possibilty till 10,000. This may take 10-12 months to reach and form point D at 10,000 mark. Pls remember, this is one of the possibility and the price movement in the coming days may validate/invalidate the given analysis.
In mRF, Bullish Garltey might form by CD leg going down till 39100....only if prices are kept below 41875, cmp 41740. Point D might form at 39100
LnT seems forming HNS targeting 1280-1220 if breaks and sustains below 1420. One can keep stop of 1490 as stop once 1420 breaks and sustain below it.
Vedanta seems to making bearish gartley in 15 min tf and may target 176 if able to hold recent lows of 161