We are in with a good chance of this completing in the next 12 hours. Strong support, trend line show on chart. Risk Vs reward to TP #1 is 1:1.
It 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 just formed the Cypher and hoping to retest the support and go back up to Target -01 and Target-02
AURO 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.
WOCKHARDT 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.
On 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'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...
M&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 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.
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...
Last 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...
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...
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...
158-160 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