Bullish Cypher
ALKEM LAB LTDshare name : alkem lab ltd
call type : positional or investment
- share is forming a cypher pattern with ab=cd
and double bottom
- a good consolidation can be seen between
level 3369-2828
- 3369 is a hurdle zone for this share which
acting as a huge resistance
- we can accumulate this share around
2969(after competing of gartley in shorter
time frame )
- approachable targets 3369,3725, 3933, 4227 ++
thanks
SONACOMS - 90% RETURNS!!!BUY - SONACOMS
CMP - Rs 422
Target - 1: Rs. 593
Target - 2: Rs. 806
.
.
Technical -
1) Bullish Cypher Harmonic Pattern.
2) The stock is at support.
3) Targets have been set using Fibonacci Retracement.
.
.
Fundamentals -
1) Company has opened a new manufacturing plant in Pune.
2) 62.66% YoY growth in EPS.
3) FII holding has increased QoQ.
4) DII holding increased by 8.4% QoQ.
5) The high-value, the high-margin product portfolio is likely to help the company outperform the industry.
.
.
Comment:
This chart is for educational purposes only.
.
.
Follow me for more!
NG bullish Cypher Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss.
(Color code for horizontal lines: Red - Sell, Green - Buy, Blue - targets, Black - SL). If any doubt for take entry in price action patterns, please ask in comment box, i will try to help.
Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels, It is shared here for learning purpose. Trading in this pattern is all your own risk.
Hindalco is at an important area…Hindalco is at an important area…
Reasons/Traits :
• Cypher bullish harmonic pattern formation seen
• Below 20 and 50 EMA
• Trend breakdown retested and an inside bar formation seen today
• RSI, MACD and Stoch are in down trend
• Earlier channel breakout failed
What can happen next :
Scenario 1 : Price sustaining above 460 levels can take it to 472/488/510/547 (to complete cypher harmonic bullish pattern)
Scenario 2 : Price break down below 460 can take it down to 454/438/425/410/400 levels
Important levels are mentioned above and it doesn’t mean it will achieve all one by one … price can hover along these prices and due course of time will tell us the price movement between these levels. 460 is important level and breaking it can take the price down or it can bounce back.
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
Kotak Bank - Bullish Cypher PRZ (1600-1625) (Sell & Buy Later)Note -
Harmonic Chart Pattern suggested is not valid if stock falls below 1600 & Halting in the zone 1600-1625 can be seen as PRZ ( Potential Reversal Zone) for a potential upside move later
-----------------------------
Trading Strategies
-----------------------------
Plan A -
Sell Below 1700 for 1650 / 1600-1625 Target zone
Plan B -
Buy once 1600-1625 zone holds which can act as PRZ for the suggested "Bullish Cypher Harmonic Pattern" Target 1 - 1905 / Target 2 - 2000 / Strictly Above 2025 - Target 3 Zone - 2150-2200
Thanks
INFY (DAILY) LONG1) Bullish Cypher Pattern ( Harmonic Pattern )
2) Stock bounced from Long Term Support.
---------------------------------------------------
3) RSI - Oversold Level (Near 30)
4) RSI - Divergence on Daily Chart
5) GAP DOWN - If any candle closed in GAP area, Stock will confirm fill the GAP.
---------------------------------------------------
6) 1st Target - 715-718
7) 2nd Target - 765-768
Bullish Cypher Hdfc LimitedBullish Cypher Hdfc Limited
Prz - 2002 - 2004
Sl - 1998
Target 1 - 2020
Target 2 - 2031