Bearish Gartley on the daily Charts of IDEA CELLURAR LTD

A Bearish Gartley is apparent on the Daily Charts of Idea Cellurar Ltd.

Lets examine this Bearish Gartley Pattern :

1. Stock Slipped from point X( marked) to Point A.
2. Stock retraces about 61.8% of the XA move, from the point A to Point B 
3. Stock then peaked at Point B, price again slipped to the point C. The BC move retraces 61.8%  of the AB rise. 
4. Stock then rises from Point C to peak at Point D. The CD move was 161.8 % of the BC move. 
5. This Pattern would be negated , If price rises above Point X.

Since this is a Bearish Pattern, stock may see lower levels in the near term, thus on the downside:

• First Target is at Point B.( already achieved on 24-Nov-2014.)
• Second Target is at Point C.
• Third Target  is at Point A.
• Stop is to be placed at Peak Point D, or at Point X.

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Point X is at 178.40.
Point A is at 145.25
Point B is at 166.2
Point C is at 154.1
Point D is at 173

XA move  is of  32.74 points, comprising 18.38%.
AB move is of 20.09 points, comprising  12.60%
BC move is of 12.13 points , comprising 7.29%
CD move is of 18.89 points, comprising 12.25%
DB move is of 6.76 points, comprising 3.90%
DC move will be of  18.89 points, comprising 10.90%
DA move will be of 27.72 points, comprising 16.01%
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