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Cypher

NG bullish Cypher Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss. (Color code for horizontal lines: Red - Sell, Green - Buy, Blue - targets, Black - SL). If any doubt for take entry in price action patterns, please ask in comment box, i will try to help. Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels, It is shared here for learning purpose. Trading in this pattern is all your own risk.
MCX:NATURALGAS1!Long
by Elango-ragavan
2
Bearish Cypher pattern seen in crudeoil 7-10-2022It is Bearish Cypher pattern crudeoil daily tf can give good fall from coming weeks. Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss. If you follow diagonal trendlines you can take entry and exit easily. (Color code for diagonal trendlines: green - bullish , red - bearish , black & violet reversal points, Color code for horizontal lines: Red - Sell, Green - Buy, Blue - targets, Black - SL). If any doubt for take entry in price action patterns, please ask in comment box, i will try to help. Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels, It is shared here for learning purpose. Trading in this pattern is all your own risk.
MCX:CRUDEOIL1!Short
by Elango-ragavan
Hindalco is at an important area…Hindalco is at an important area… Reasons/Traits : • Cypher bullish harmonic pattern formation seen • Below 20 and 50 EMA • Trend breakdown retested and an inside bar formation seen today • RSI, MACD and Stoch are in down trend • Earlier channel breakout failed What can happen next : Scenario 1 : Price sustaining above 460 levels can take it to 472/488/510/547 (to complete cypher harmonic bullish pattern) Scenario 2 : Price break down below 460 can take it down to 454/438/425/410/400 levels Important levels are mentioned above and it doesn’t mean it will achieve all one by one … price can hover along these prices and due course of time will tell us the price movement between these levels. 460 is important level and breaking it can take the price down or it can bounce back. Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
NSE:HINDALCO
by AdhigamaTrading
2
Chart8: Accumulate Federal Bank for targets of 80/100 plusNSE:FEDERALBNK Trading Idea: Short to Medium term positional Reason: Good cypher pattern close along with good accumulation happened btw 50 to 60 zone in Federal Bank. It is entering into demand zone . Chart Pattern: Harmonic pattern Targets: 80/100 plus Stop Loss: Daily Closing basis 57 Holding Period: 6 Months DISCLAIMER: Trading Ideas are shared for learning and education Purpose Only. Please consult your financial advisors before investing/trading.
NSE:FEDERALBNKLong
by trader_karthik
Nifty Bearish Trade Set UpTRADE LOGIC as on 06th Jan 2022 @12:00 Hrs in.tradingview.com NSE:NIFTY1! Nifty price action has formed a Bearish Cypher Harmonics Pattern on daily time frame as shown in the attached file. If this hold out, then we can expect a correction at-least till the Daily Demand Zone at 17287 / 17151 on Nifty futures chart. However, the daily trend remains upbeat. So in this confusing scenario, where I am bearish on balance, but don't want to risk losing money on the upside, I plan a Put Ratio Front Spread a little intelligently where the upside is protected completely and the down side yields very good profits if market falls slowly. The risk to this trade is a very steep fall, ironically! So I calculate the max risk on the downside in a bearish trade (I told you, its ironic). I estimate the risk as follows: If Nifty moves down by 3.5% or essentially breaks the Demand / Support area as mentioned above by Monday, the max MTM risk shown by the simulator is Rs.2500/lot. Accordingly I will monitor the trade and will issue an exit if there is a steep fall and our MTM loss is breached. If the fall is slow and steady, say in a week's time by next Thursday, Nifty is at 17500, we will be decent profit. This trade has a decent risk reward profile and with complete protection on the upside. Given that the prices have moved up sharply from 16400 to nearly 18000 in a short span of time, and we are seeing first signs of cooling off, I expect the market to either fall or consolidate. We stand to benefit in both the cases. Happy Trading. 🦉
NSE:NIFTY1!Short
by AmitGoel217
3