Cypher
MINDTREEBullish Cypher pattern on 4 hr TF
PRZ at point D coincides also with 78.6% fibo level which is also near to a support trend line
UPL - Bearish Shark & Cypher, Bullish Gartley - 4H TFBearish Shark pattern on 4H Chart of UPL. SELL 699-700, SL 710.1, Target(s) - 690, 687.
Bearish Cypher pattern on 4H Chart of UPL. SELL 692-693, SL 700.1, Target(s) - 685, 682.
Bullish Gartley pattern on 4H Chart of UPL. BUY 587-588.5, SL 572.9, Target(s) - 603, 606. POSITIONAL
INDIGO - Bullish Shark & Cypher - 4H TFBullish Shark pattern on 4H Chart of INDIGO. BUY 1140-1142, SL 1074.9, Target(s) - 1200, 1220.
Bullish Cypher pattern on 4H Chart of INDIGO. BUY 1200, SL 1139.9, Target(s) - 1258, 1270. SL Intraday, Target may take time or read below
If he sends another letter:))))) Shark is preferred but there is a very strong support at 1200. But again, what is support n resistance when there are numerous auditors, promoters and letter(s) in this case are just around the corner. No offence intended to anyone, just a limerick.
India cement heading southward ?Bearish Cypher Harmonic Pattern has been formed in the daily chart of India cement, which is highly reliable. It is neither end of uptrend nor start of downtrend, but as per the completion of Cypher harmonic pattern, Price may fall upto 0.618 retracement of CD leg. Hence first target would be 0.382retracement of CD leg i.e 100.65 and next target would be 0.618 retracement of CD leg i.e 90.75.
Disclaimer: This is for education purpose only