Cypher
BhartiAirtel - If Butterfly Turns Into Cipher@427-(Enjoyed-420)If Butterfly turns into cipher- spelling mistake. Time to open your dictionary & add a new word in your vocab list. Who cares about the spelling mistake & who cares about the doosra (cricket term) till the time they give you results.
There is a bearish cypher in the range 425-427 zone & will it confuse to make you clean-bowled like doosra - well I don't know till the time I face a doosra in the field.
Yes, If you visualize the danger in time, it can be a blessing in disguise.
Previous Update -Happy with the weekend limited butterfly stock - 412 to 425. Be careful next.
Earlier Update -What a E Wave 402 to 430
Nifty - 100 Points Enjoyed - Sell with Bearish Cypher below 9790Last Price@9811
Day High@9817
Risky Traders can sell in 9810-9825 with stops above 9836 - Safe Traders Sell below 9790-9793 zone
Any move below 9790-9793 which was one of the desired zone for long trades for the day is important zone - If Nifty starts falling below that zone - we will look for short term melt down till 9765 - 9735 target levels which will fill the gap for the day. Enjoy!
X- level is important one which is 9853 but we become cautious above 9825 -if trade is activated below 9790 next & starts moving above 9825 without kissing target levels of 9765 atleast.
Note - Sell Call activates below 9790-9793 as mentioned above.
Target 1- 9765
Target 2 - 9735
Previous Update - 100 points from 9700-9800
PNB - Fire with Cypher @157- I turned upside- Did you!Last Price@160
PNB on fire with the cypher right at the bottom@157 where we booked partial profits yesterday in 2nd downside target.
Target -164 - 176+
Trading Plan
Moving above 158.50 -159 it will show its way for upside & we got an opportunity back again with volatile action close to 157-158 just within last hour of trading protecting 156 on downside.
We are in the trade with zero risk.
Previous Update - Bearish Bat below 161 to 159-156
TATAMOTORS: Bullish CYPHER in progress, take Reversal Benefit.TATAMOTORS: Bullish CYPHER in Progress, take Reversal Benefi t.
All plotted on Chart.
Go LONG: @ 439.7
LTP: @ 439.7 (at 1.10 pm)
More accumulate @ 435 - @ 430 Zone.
TARGET: @ 445.6, @ 449.9 , @ 453+
More on Chart.
SL: @ Below 425 (By two Consecutive day Closing)
TSL: @ 420-
Snapshot of Intraday / Swing levels will be updated later.
If enriched your knowledge,
Please don't forget to Hit / Click Like button .
Comment appreciated.
Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.
With warm regards,
DSKF16
BankBaroda - Next Customer- Crab. Earlier -Gartley & Cypher158-160 Zone is very important. Once double of 167-168 Zone is crossed safe traders can jump. Harmonic Traders can look for support in 158-160 Zone as suggested in previous post.
Gartley Result from 167 to 162- very close to 158-160 Zone
Cypher Result from 153 to 167
SBI : That Potential Cypher...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 before entering !
Moreover Trade only if you have traded harmonics earlier, if No, its not at all a problem, Look for other simple setups in the same zone in SBI. As we usually say, all strategy's are good as long as it's followed with discipline, there is no need of complex ones.
Where we are with Banks ?!Technical Aspects :
YesBank - Bearish Bat
AxisBank - Channel Breakout ( will fail & range again, just My opinion )
SBI - Bearish Cypher
So as of now our technical aspects point downside...
Fundamental :
Not literally fundamental view, based on macro news,
YesBank - Lesser NPA than Axis & better next to HDFC
AxisBank - High NPA among privates
SBI - Banks consolidation will do it down & NPA none cares, bcos its public(our) Money, so they don't mind about getting it back. :)
This is not for trading, just an overall view...
ESCORTS - Completion of Cypher PatternI am not afraid of losing a trade; but I'm afraid of doing a trade without money management. Most probably, most of the time, haphazard money management is what gets us screwed. And, trust me, I have learnt this very hard way. So, here's a perfect 1:2 - Risk:Reward trade on your radar.
CYPHER PATTERN DESCRIPTION:
Basics - XA must be an impulse leg.
1. Point B must be in between .382 - .618 retracement of XA leg.
2. Point C must be in between 1.272 - 1.414 retracement of AB leg.
3. When Point D retraces .782 of XA leg, then completion of CYPHER PATTERN.
First Target: .382 retracement of CD leg.
Second Target: .618 retracement of CD leg.
Bearish Harmonic Cypher @ 178.5 _ KARNATAKA BANK 15 MinsHi,
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
Trade setup for June 12 - HINDPETRO - 15 MinsHello Traders,
We have spotted bearish Cypher pattern on Hindpetro 15 mins chart. RSI is already into overbought zone. Traders may enter short once price hits our entry level.
Trade Levels:
Entry: 541.90
Stop: 547
T1: 537.35
T2: 534.55
Good Luck!!!
PS: If you like our ideas/analysis, please like/share them and keep us motivated. If you have any queries, please free to write them in comments. Thank you.
Bullish Cypher : Intraday long setupHi All,
A Bullish Cypher pattern spotted on BEL chart which may give nice intraday oppurtunity.
5 mins chart is giving more insight for the price action with RSI divergence.
Trade levels ( also mentioned on chart)
Potential reversal zone : 171-170.8
Stop : 168.9
T1 : 173.2
T2 : 174.65
Trade with Care,
Gulz
Nifty : Billion's Billionaire Dreams...Nope... Don't say so, infact dont say you haven;t expected that upside move. Why ?? Kindly check our Nifty Post on last Monday (22-May-17) titled 50 lakh crore. Nifty decided to do us favor by following our expectations & that's why our analysis are right. If there is No favor by Nifty, we won't be getting this much success rate for sure.
So whats in for the Day ?
Scene 1 : The Double top & Cypher, if yesterday's bull's are tired, Nifty will drop down a bit, purely for Intra lovers you can make some points here
Scene 2 : A new high being made, but right next after expiry day ? Market will be that active ? Well, I'm not sure...
For Positional traders, as per Monday;s post on wave 4 end, long should have been initiated.
So how many of you going for Sachin's : Billion Dreams ?? I'm planning for that...Till then take care..Happy Weekend
Signing off,
InsiderB
NIFTY:IF THEN DOUBLE SETUP (H&S followed a bullish Cypher)Hey Friends,
Here is a IF-THEN kind (double setup) (H&S breakdown followed a bullish Cypher) on nifty hourly chart.
Trade levels are mentioned on chart - feel free to check it.
As usual, for bullish cypher stops should be kept below X leg.
More importantly watch the price action on lower time frame before making any positions & Trade with Care,
Gulz.
BankNifty : Finally from ABCD's to Cypher !First I had mentioned Gap Up n Down scenario's in Banknifty but as market opened I have changed it to one-sided scene.
(i) If trendline violated to upside wont sustain for longtime max 21650's only, then reverse to down
(ii) Touch n Play with trendline from Downside & Straight move to down
Today weekly expiry right ? Extreme guess work, BankNifty may reserve that downmove for last session.
Lets see how it plays out ! Happy Trading !
POTENTIAL LONG SETUP : BULLISH CYPHER + TRNED LINE MERGE Hi,
We have another potential Long opportunity at the D leg completion of bullish Cypher setup of TCS Daily chart.
The price reversal expected near to 2243 which is D leg completion of the pattern.
There are chances of trend line & D leg of the pattern to merge,we may witness strong price action to upside if it happens
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Stop loss would be placed below X leg structure support .
Target 1 - 2377
Target 2 - 2462
(When looking to take targets on the bullish Cypher Pattern the first step is to use your Fibonacci retracement tool.
With your Fibonacci retracement tool draw from the C to D leg, you are looking for target 1 at the 38.20% and target 2 at the 61.80%.
To protect the profits you have accumulated at target 1 it is advised you move your stop loss to breakeven once the 38.20% target 1 has been attained, thus giving you a risk free trade to target 2. )
Note : This setup will be valid only if price complete the D leg.
Trade with Care
Gulz.
TECHM Cypher Pattern Getting readyForming a Cypher pattern in Techm -2.79% . Long positions can be taken @428 level if it sustains in that range for a immediate target of - T1 (460) , T2 (471) , T3 (482) . SL 405
RSI Indicates that it is going to enter the oversold zone. May bounce back sooner.
Immediate support @ 445 - 447. If it breaks this level long positions can be initiated