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...
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...
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 is moving in a channel, Completing a Cypher and BAT. Entering Breakout / REversal Zone
I 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...
Hi, 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
Hi, A Bearish Cypher may complete axis bank on this week. Trade levels highlighted on chart. Watch price action once the price hit potential price reversal zone (PRZ) before making entry. Trade with Care Gulz.
Hello 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...
Hi 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
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...
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.
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...
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...
Forming 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
Hi, We have Bullish cypher pattern on 15 mins chart. D leg completion @ 383 TP1 - 387 , TP2 - 390 SL - Below PRZ ( below 380) levels highlighted on chart for potential long opportunity. Trade with Care Gulz.
Hello Traders, We have spotted a potential Bullish Cypher Pattern on Apollo Hospital daily chart. If pattern completes, we will have a swing trade set-up. This potential trade will have a risk/reward ratio of 1:1 for target-1 and 1:1.6 for target-2. Happy Trading!!!
Just found a bearish cypher pattern in bank nifty index, on daily chart. MACD shows signal line crossing over MACD line, indicating a downtrend and RSI is indicating that the bank stocks are over bought. 0.236 and 0.382 retracement levels will be 19788.54 and 19371.6 respectively.