GATI: Consolidation with a patten repetition of June'2020
NSE:GATI I am seeing few interesting observations:
Support is at 158 level; Resistance is at 190 level. It's presently neutral, consolidating. So neutral as of now.
- It looks like a fresh EW wave formation started from 20/06/2022, after completion of previous wave since June 2020.
- Now the current wave-1 replicates the same price-action of June'20 to Dec'20, starting from June'22 to till date.
- It can be viewed as a Pole-and-Flag also, where the price action moves up and then consolidating. We are actually now a consolidation phase.
- It can be viewed as a W pattern as well (shown as dotted W with a dotted neckline).
Support is at 158 level; Resistance is at 190 level. It's presently neutral, consolidating. So neutral as of now.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.