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gurudevmane

Bullish Cypher Pattern

Short
Nifty 50 Index (NSE:NIFTY)  
gurudevmane Updated   
NSE:NIFTY   Nifty 50 Index
Cypher
1
1
cypherpattern
It can be seen on daily Chart that NIFTY is in process to form BULLISH CYPHER pattern.
Which can lead NIFTY to re touch recent lows levels in next 2 months.

If Daily chart NIFTY move out of the SPAN of CYPHER Pattern trade can be considered as closed.
Comment:
Right from 8th June level of 10281 till 18 June level 10199 this pattern is followed.
From 19th June onward a clear break out is observed and following view can be seen as not sustainable.
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