I have spotted and marked the Bearish Gartley on the daily chart of Arvind.
X is at 296.95
B is at 237
C is 276.65
and D is 284.12
The AB retrace of XA is 62%.
The BC retraces 61.8% of AB.
Pattern Potential Reverse zone is at 282.65 -284.12.
Harmonic Resistance stands at 292.5-293.5
Harmonic Support stands at 274.
Any close above Prz would negate the said pattern.
Since Gartley pattern is a retrace-ment pattern which usually retraces part of its previous trend, hence any close below pattern lowest point , would trigger fresh weakness in the stock.
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