Cypher
Cypher pattern in the makingIt looks like the formation of cypher pattern waiting for the last "D" to be completed and then setting off Limit orders with T-1 and T-2 being the profit targets. It might take a while for this pattern to complete
Sun Pharma Cypher formationSun Pharma just formed the Cypher and hoping to retest the support and go back up to Target -01 and Target-02
AUROPHARMA Cypher CompleteAURO has been moving sideways, making a few patterns along the way. Recently completed the Cypher, and reversed already. Are we too late????
B- level seems interesting since BAT n CYPHER chare the same B-level. ANd its been tested a few times already. Its about to test that levels again. awaiting a breakout or reversal from that level.
WOCKPHARMA Cypher CompleteWOCKHARDT completed the Cypher pattern, and bouncing between a range, 618 and 786 FIB of the leg down.
Still in the monthly downtrend, currently its trying the break the long term downtrend.
bullish cypher on EURJPY 4HRLYOn HTF this pair has shown to be bullish so the overall bias of the pair is bullish since its always a good idea to go with the trend and the RSI has deep in overbought territory to add as a filter. I will take the bullish cypher which has formed on four hourly of which is my trading TF.
Bharti Airtel- Coiling Cracked for 40 points-Cypher in Channel ?Bharti's connection was so puzzled between 407-398 where we witnessed the coiling effect & took advantage of almost every leg inside the coil - 3 times back to back 20 points between 398 to 407 with previous updates like morning star, hidden language & the game of patience - which is our long term update.
When the coil unwinded - sharp reaction to downside happened completing all targets -398-393-388 with a bonus gap down move to 375 giving us 40 points +
What Next ?
There is cypher in the channel & looking for target zone 405-407 -the upper end of the channel which is the point of control & likely the zone which can be retested.
How to execute?
Look for a pullback to 382-385 zone in next trading session - if you see prices holding in that zone then plan to enter with stops below 377 which shall be the important level- holding that level, we should see minimum push to 395-398 zone & next above 400 for 405-407 zone.
Stop Loss
377 should be the stop loss.
Long Term View - Game of Patience
Short Term Move -Morning Star - Talents & Patterns can't be hidden @398
Short Term Move - Prices Speak@398 - Hidden Language
Pattern Series 6 - Bearish Gartley Pattern!I thought these cypher, Gartley patterns are tough until I learnt it is based on fibonacci ratios. Draw fibonacci levels from X to A. Point B should not close above 0.618 fib level. The point C should form between A and B. Point D should not close above 0.786. Now lets see how to trade this Gartley pattern. Sell at 0.786 with the stoploss of few points above it. Your risk should be minimum and it should not exceed risk : reward ratio of 1 : 1. Targets are 0.5, 0.38 and 0.236 fib levels. People who love fibonacci ratios, dont miss Gartley pattern trades!
M&M Bat Gartley CypherM&M is moving in a slow up channel making a few patterns on the way.
Green Gartley is complete.
Blue bat is on its C to D leg completion. ALso the Yellow CYpher.
Since this is Daily time frame , it will take alteast one million years to complete :P
BAJAJAUTO Cypher CompleteBAJAJAUTO completed the blue Gartley and the Cypher pattern.
In the Cypher Pattern, it Can move till X if it crosses above D,since there seems to be a consolidation/flag/range at D level..
A breakout from the Flag near D will decide the direction.
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,
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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...
SBI : A Cypher to Decipher !Cypher to decipher in SBI, if you aren't harmonic trader try other trade setups in same zone & its completely fine when you make mistakes, while you are trying to learn harmonics :)
Happy Trading !
KOTAKBANK BAT Pattern CompleteKOTAKBANK is moving in a channel, Completing a Cypher and BAT.
Entering Breakout / REversal Zone
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
