Could not sustain above uml of pitchfork.
now resting on the support.
clearly developing cypher harmonic pattern is visible on it.
if it closes below 20 dma it may drift towards support 2 which happens to be PRZ zone of cypher pattern.
right now my view is neutral to negative.
if nifty crosses today's low it has next support at 11211.
we may see some bounce in pharma sector
auro pharma has three consecutive NR7 days,
biocon and cipla had NR7 days too.
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my predictions for sail.hindalco.tatasteel are hitting the targets precisely.
now resting on the support.
clearly developing cypher harmonic pattern is visible on it.
if it closes below 20 dma it may drift towards support 2 which happens to be PRZ zone of cypher pattern.
right now my view is neutral to negative.
if nifty crosses today's low it has next support at 11211.
we may see some bounce in pharma sector
auro pharma has three consecutive NR7 days,
biocon and cipla had NR7 days too.
don't forget to like my post .
follow me to get stock ideas.
my predictions for sail.hindalco.tatasteel are hitting the targets precisely.
Comment:
only if it closes below 20 dma it will turn bearish.
Comment:
if nifty crosses recent high this will negate the cypher pattern.