175 views
We are in the D leg of Potential Bearish Cypher pattern.
The View negates above 1290. If that happens we will have to look for the possibilities of Bearish Shark pattern.
Kindly wait for the price rejection before initiating the trade.
The View negates above 1290. If that happens we will have to look for the possibilities of Bearish Shark pattern.
Kindly wait for the price rejection before initiating the trade.
Order cancelled:
Yesbank did not show reversal sign.
Comments
Possiblity of Bearish Shark is still there. Without the confirmation of reversal initiating the trade is very risky.
SL would be around 1290. Bearish Cypher is a powerful pattern. If properly activated downward speed would be very fast.
I will update the targets once the reversal point will be identified.