The buls eye.The price can shoot like an arrow for bulls eye.
Yesbank Double Cypher pattern, Targets and stoploss on chart.
Keep a check on bank nifty levels , may retest the entry levels but double bullish cypher will play it's role.
Stoploss on closing basis, only short term targets mentioned, it may go far beyond after a bit retracment.
May retest 300 levels before shooting up.
Cypher
YesBank: Bullish CypherLong trade will be opened above 345 for 355-362 zone target.
A tighter stop could be below 336 but the pattern stop is below 325.
If stock falls instead of opening long trade above 345, sub-patterns can be seen on lower TF for better entries.
There is one more reason besides cypher that I am looking for pullback? The hint is in the chart.
Trade only if you can afford to take the risk involved.
Regards
IDFC Falling Wedge BreakoutIDFC has been moving in a falling wedge since 2018, currently testing the upper edge. Awaiting a breakout/reversal . ALso a possible Cypher in the making.
INTELECT DESIGN: FIBONACCI F.A.C.TCan witnessed Harmonic Bearish CYPHER (Last Leg)?
Best Intraday LONG: @ 186.30 - 184.70
Intraday TGTs: @ 190.30 - 191.9 - 193 - 196.1 - 198.75
WEEKLY (Positional): @ 199.80 - 204.60 - 209.85
Rest Plotted & mentioned on Chart.
Education Purpose Only.
If useful Like & Share.
Auropharma - Cypher Hiding in the Cloud 597-615 & BackThere is a bullish cypher which is hiding in the cloud.
Risky Traders
Buying in the range 595-597 with strict stops below 595 for target 610-615 & if any resistance seen in 615-617 -can be seen as selling opportunity for target 600-590 -580 later
Safe Traders
Buying above 607 for 610-615 & if any resistance seen in 615-617 -can be seen as selling opportunity for target 600-590 -580
Note - No Selling Trade Above 520-521 zone & No Buying trade below 595
HCL INFO-A CASE OF WYCKOFF ACCUMULATION IN POTENTIAL MULTIBAGGER
NSE:HCL_INSYS
THE SCALE IS NOT LOCKED, ZOOM ACCORDINGLY WHEN NECESSARY
In the daily chart..
A potential bullish cypher is due completion...
this is a point of good long entry planned..
The other long entries are planned in phase c and d as mentioned..
the Markup target is a conservative one, and will be updated once the base formation i done..
here is the provisional target from the point and figure charts..
Details about wyckoff schematics can be found in the following link containing
"Anatomy of a Trading Range " by Jim Forte ...https://static1.squarespace.com/static/54fed56be4b0b8a1d3d33918/t/55808ff8e4b0bcfabac9ae03/1434488824889/Anatomy+of+a+Trading+Range.pdf
Also a reference to a blog by my favourite wyckoffian, Bruce Fraser
stockcharts.com
stockcharts.com
Disclaimer... Interested , not invested...will think of taking position if satisfied with the fundamentals which is currently under search
Not an investing/trading recommendation
learning wyckoff methods 2.0- the bearish cypher fail..there was a sharp retracing from the line of good demand
and close above another line shows SOS..
this bearish cypher most likely will fail to reverse the uptrend and it will test the line above...
i have a feeling this will even cross it, the advance has such a massive volume, if this big spread on the advance is reversed of then the demand is most likely to take the prices above 39 soon and then may be lose steam over there....
This is bulls a their prime...
the wckyoff channel oversold line was violated and there was sharp denial from the bulls, and the close of the candle was back in the channel... if this is not SOS what is then....
the cypher's take profit is -.618CD at 32, which is not happened i gues.. hence the fail... i doubt even if 0.5 can be crossed...
A bearish cypher possibility before a showdownThe C point reversal is not yet complete and confirmed, unless which happens, this structure is impossible to be formed
Although the C point has been halted at support levels...and with a bullish divergence at hand, there might be a possibility..
Disclaimer... not an investing/trading recommendation
A "potential" bearish structure lurking for the coins?A bearish cypher in formation along with extreme bearish harmonic impulse @886..
The patterns are wonderfully following pitchfork price magnet theory..
The potential reversal zones of the bearish cypher perfectly matches the longer term Crab structure which propelled this upmove(shown later)
And both the PRZ and the Limit for the extreme brearish harmonic impulse match the inner and outer margin of the ichimoku kumo cloud...
Disclaimer... no trading, no cryptocurrency in possession at present,,Not an investing/trading recommendation
Quick gains off Nifty Infra Bullish cypher with bullish divergence, a sweet spot for a blast..
Also the D point is cushioned in ichimoku kumo clouds and presently at pivot..
The uptrend's resistance is expected to be at the outerline of the pitchfork and 0.618CD of the cypher pattern, which coincides..
But i expect there will be a bit of correction i the lines of 10 to 15 percent after this, as i think the failure of the bearish butterfly was due to the formation of a Extreme bullish Harmonic Impulse...(which have been marked in softer slate grey lines)
Disclaimer..this is not an investing/trading recommendation