Short! Exide Industries with Cypher Pattern

May 3, 2020

Hi,

1. Shooting Star about to Form on the Day Chart.

2. On Drawing Cypher Pattern on 30 Minutes Chart.

3. X Point to Lowest Low Price, A Point to Higher High , B Point Form to Lowest Low of Retest Level. C Point form to Higher High.

3. XB=0.542(Near to 0.5) , AC=1.285(Near to 1.28L Level). All above level Satisfy for Cypher Pattern.


4. Assuming, XD=0.786. BD=1.22 ( Near to 1.27 , Satisfy Cypher Pattern).

5. D Point(Reversal Point) form at 133

6. Sell Below (A Point) 155 Target 150(Trend Line) , 138( BPoint), 133 (D Point)
Stop Loss :163

May 4, 2020

Trade closed: target reached

First target of 150 achieved . If you are positional Trader Wait to achieve other Target