L&TFH is ready to fly. It has formed bullish Cypher harmonic pattern,which is considered highly reliable. All condition of Cypher Harmonic pattern has been satisfied on hourly chart. Should hit the T1 (135.3) and T2 (144.5).
Apart from harmonic pattern, it has also given breakout on hourly chart. Since December 18, it was in downtrend. Now it has given breakout, which is also validating the Bullish Cypher pattern .
Weighted moving averages has given crossover & RSI has moved above 60 level .
All analysis are indicating start of uptrend.
Disclaimer : This is for education purpose only
Apart from harmonic pattern, it has also given breakout on hourly chart. Since December 18, it was in downtrend. Now it has given breakout, which is also validating the Bullish Cypher pattern .
Weighted moving averages has given crossover & RSI has moved above 60 level .
All analysis are indicating start of uptrend.
Disclaimer : This is for education purpose only
Comment:
Hit the first target of 135.
Trade closed: target reached:
2nd Target almost reached
Comment:
Above and beyond. Crossed the 2nd target