I have spotted the Bullish Gartley pattern ( marked by points) on the weekly chart of Idea Cellular Ltd .
X is at 130.
A is at 178.1.
B is at 145.25.
C is at 173 and D is at 138.10.
The AB move retraced in between 61.8% to 78.6% of XA move.
The BC move retraced in between 78.6% to 88.6% of AB move.
The CD move Extended in 127% of AB move.
We could see that the stock has been moving up from the Point D.( must see failed bearish engulfing pattern)
This Pattern would be negated , in case prices moves back and went under Point X.
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