Cypher
Cipla | Bearish Harmonic pattern =====================================================
⭕ Day Trading opportunity ! 15 min Chart Alert !!! ⭕
--sell below 789.45= or CMP
--Target = 775
--Stop-loss = 794
--Lot Size = 1300
--R:R = 2.81
--Expected Profit = 16,900 ₹ per lot (1.74 % )
--Expected Holding = 1 day only
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⭕ Technical Reasons to trade OR Strategy applied :- ⭕
1) bearish harmonic pattern
2) rejection at top
3) Trade is confirmed with big bearish candle
4) we just need breakdown of support
5) cipla gap is expected to fill soon
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✍COMMENT Below your view !
Meghmani Organics - Chyper Pattern Meghmani in daily chart B point is retraced at 0.374 ( approx. 0.382 fib level) and C point is the extension of fib 1.272 ( 99.8) to fib 1.414 (107.4) level of XA leg.
D point is the retracement of XC leg .
So there is a reversal at D point( 50).
Nifty Long-term trend and levels Cypher Pattern Nifty Long-term trend and levels... Very Bullish
It seems Nifty is bullish and breaking the highs on daily basis... and recently its has broken a very important Fibonacci ratio level around 1318. It takes the trend and nifty in to an another dimension.
Now question is where...
I have a tried lots of patterns in different time frame but the best suited pattern as of now what I found is Harmonic Cypher Pattern on monthly chart on nifty 50.
It is clearly showing that Nifty is bullish and will continue in this trend till 14600 to 15700 level.
So it is bullish in long-term also.
These given levels will work like a resistance once it starts consolidate there.
The heavy distribution will start from these resistances only and this may create a downfall of the index as low as 7000 level.
BHEL Cypher Pattern Formation (Old One)Hi, I am a learner and had just gone through Cypher Pattern . While moving through this chart I tried my 1st ever Cypher Pattern on Script. Please the PRo-Traders express your view towards correctness of the pattern and help me out with how StopLoss and Target should be calculated if the Trade gets activated in upcoming time at 31.05 without breaking the C-high.
Also, is their any Expiry of the Pattern-Formation?