- Two Bearish Gartley in a row was spotted on daily Charts of Idea -Cellular Ltd.
- Stock started falling from Point D and continued its fall till it met 61.8% retracement of AD leg.It bounced therefrom but unable to cross resistance set by point B.
- Stock again returned from Point B and broke Up -sloping trend line, however its still standing at 61.8% retracement support.
- Breakdown from this support may take stock to the levels of 145, 138, 134, 129.
.png) |
Daily Chart |
- Weekly Chart is in consensus with the Daily Chart.
- On weekly Chart stock is oscillating in between down-trending channel, which might be construed as potential bullish three drivers pattern [ Point 1 & Point 2, already established]
- This potential pattern , if completed might take stock to the levels of 130-129- 127 on the downside, to establish point 3.
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.png) |
Weekly Chart |
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