In SBI, we have perfect-potential cypher formation if all goes as expected we will be getting reversal around the 305's zone to downside. RSI also looks bit oversold but on cypher completion it may go well above current levels. Aggressive traders can enter Right on touch of 305's zone Conservative traders look for additional setups in the zone or an reversal...
Hi, A Bearish Cypher near completion on 15 mins chart of KARNATAKA BANK. Trade levels are as follows - Wait for price to test the Potential reversal zone & watch price action before making entry. ENTRY ( PRZ Completion) : 178.5 TARGET 1 : 175 TARGET 2 : 172.9 STOP : 182.3 Trade with Care Gulz
Hi, A Bearish Cypher may complete axis bank on this week. Trade levels highlighted on chart. Watch price action once the price hit potential price reversal zone (PRZ) before making entry. Trade with Care Gulz.
Hi Guys.. Hope everyone had a profitable week. Here on BHEL chart, it looks like Cypher will complete soon giving us an opportunity to get into short trade. Previous support near pattern completion gives additional confirmation on short entry. Cypher has low risk/reward compare to other harmonics but has higher winning percentage. Potential Trade: Short Entry:...
Bearish Cypher is about to complete on ULTRACEMCO. Wait for pattern to complete for entry. Trade: Short Entry: 3860 Target: 3550 Stop: 4090 Happy Trading!!!
Bearish CYPHER Pattern on Shri Ram Transport and will break on downside. Stochastic on overbought and will have correction. So, its lead to fall some extent. Trade: Short below - 936 Target 1 - 908 Target 2 - 890 target 3 - 870 Stop Loss - 980 Reward Points = 66 Risk Points = 44 "Happy Trading"
Sometime cypher gives inverse Risk:reward but worth it Though we get few points in patterns, their success ratio are higher than most moving avg based techniques Check your cypher ratio's n enter the trade Prev.post ( Let's Ride the waves ) - still valid I will be out today, so there won't be more post for the day, Sorry Guys ! Happy Trading !