B-Power

Short! Exide Industries with Cypher Pattern

Short
B-Power Updated   
NSE:EXIDEIND   EXIDE INDUSTRIES


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



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

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