nirmalmishra

India cement heading southward ?

Short
NSE:INDIACEM   INDIA CEMENTS
Bearish Cypher Harmonic Pattern has been formed in the daily chart of India cement, which is highly reliable. It is neither end of uptrend nor start of downtrend, but as per the completion of Cypher harmonic pattern , Price may fall upto 0.618 retracement of CD leg. Hence first target would be 0.382retracement of CD leg i.e 100.65 and next target would be 0.618 retracement of CD leg i.e 90.75.

Disclaimer: This is for education purpose only
Comment: achieved both the target , call closed.