Looks like a completion of a cypher pattern. Although the risk reward looks like a 1:1 may lead to a profitable trade because of a strong resistance pushing it down. Looking for Target 01 in the short term...
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.
GBP JPY Bullish opportunities in the week Best one to buy at start of the week
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.
NSE:APOLLOTYRE TRADE ONLY AFTER YOUR PERSONAL CONFIRMATION
NSE:ASIANPAINT TRADE ONLY AFTER YOUR PERSONAL CONFIRMATION
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