Note - Harmonic Chart Pattern suggested is not valid if stock falls below 1600 & Halting in the zone 1600-1625 can be seen as PRZ ( Potential Reversal Zone) for a potential upside move later
----------------------------- Trading Strategies
----------------------------- Plan A - Sell Below 1700 for 1650 / 1600-1625 Target zone
Plan B - Buy once 1600-1625 zone holds which can act as PRZ for the suggested "Bullish Cypher Harmonic Pattern" Target 1 - 1905 / Target 2 - 2000 / Strictly Above 2025 - Target 3 Zone - 2150-2200
Thanks
Trade active
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14:05 Hrs / 1st Feb2021
Last Price @ 1768
Falling Below 1770 Only - Downside Target - 1735 & If falls below 1730 then 1700 & Below 1700 can be target zone of 1600-1625 as mentioned in main update above
@RishabhGandhi250218, Plan A failed & bounced right from 1700 close by levels so it was all bullish - crosses 1910 which was temporary halt - reaching 2000 mark -2nd target - nothing can be done here.
RishabhGandhi250218
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I have long position 2000ce bought around 1910 levels
RishabhGandhi250218
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thanks for quick response sir, really appreciate 👍
RishabhGandhi250218
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amazing analysis..thank you sir
punterpk
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Jai Ho, Abhishek... Kotak at 1905... Any words of wisdom for now? Or stick with the plan?
WaveTalks
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@punterpk, 1910/1920 zone & above buying continues or falling below 1900 -it drops
punterpk
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@AbhishekHSinghCMT, great. Don't know how you manage to reply us and maintain all social media channels and what not.... Thanks a lot man
Shrish_Nayak
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@AbhishekHSinghCMT Hello Sir, Still wondering if the targets would fall to 1650 in the next few days from the current 1832 levels. What are your thoughts?
WaveTalks
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@Shrish_Nayak, See. I suggested no selling unless it falls & holds below 1700. Next 1890 is very important level -if it halts close by then still fair chance that 1650-1675 can be seen downside. Incase it crosses 1890 - that will be hard luck & moving above 1890 - it will go for new highs