Einstein15

BAJAJAUTO Cypher Complete

NSE:BAJAJ_AUTO   BAJAJ AUTO LTD
BAJAJAUTO completed the blue Gartley and the Cypher pattern .
In the Cypher Pattern , it Can move till X if it crosses above D,since there seems to be a consolidation/flag/range at D level..
A breakout from the Flag near D will decide the direction.
Seems like we got breakout today above D.
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Einstein15 ShahNikunj
@ShahNikunj, well, it did it once before, and retrace back from the X. Today it did it again, still closed below X. Couldnt break the X. So its still a valid pattern, and can retrace all the way down. to previous swing low or B-level. Or it can just break X and move up...up into the higher timeframe, where its just a small blip in big movement.

In the daily timeframe, we can see that its moving in a big green up channel .Its entering the supply zone actually.As u can see how the previous highs were rejected from teh Purple level.
we can assume it will try to retest that trendline again and reach 3000 levels.BUt it may take long, since its a bears zone. ,, or who knows, we may hit 3000 tomorrow.
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