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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✍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).






















