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
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Trading Strategies
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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.
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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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.