Cypher
Kotak Bank - Bullish Cypher PRZ (1600-1625) (Sell & Buy Later)Note -
Harmonic Chart Pattern suggested is not valid if stock falls below 1600 & Halting in the zone 1600-1625 can be seen as PRZ ( Potential Reversal Zone) for a potential upside move later
-----------------------------
Trading Strategies
-----------------------------
Plan A -
Sell Below 1700 for 1650 / 1600-1625 Target zone
Plan B -
Buy once 1600-1625 zone holds which can act as PRZ for the suggested "Bullish Cypher Harmonic Pattern" Target 1 - 1905 / Target 2 - 2000 / Strictly Above 2025 - Target 3 Zone - 2150-2200
Thanks
NIFTY Target 13200 before 13 Feb 2021Support line post-Mar 2020 are Resistance line pre-Mar 2020 are clearly coinciding at 13200 levels. Also, if you see Fibonacci retracement level also falls around 13000 levels. A 3-day continuous fall clearly reflects a weakness in the market with all global markets bleeding red.
Finally #bears will be able to take control of the market. #Nifty50 #fall #bearmarket #crash
Sell Nifty Feb Fut or add puts into your positions.