TATAMOTORS: Bullish CYPHER in progress, take Reversal Benefit.TATAMOTORS: Bullish CYPHER in Progress, take Reversal Benefi t.
All plotted on Chart.
Go LONG: @ 439.7
LTP: @ 439.7 (at 1.10 pm)
More accumulate @ 435 - @ 430 Zone.
TARGET: @ 445.6, @ 449.9 , @ 453+
More on Chart.
SL: @ Below 425 (By two Consecutive day Closing)
TSL: @ 420-
Snapshot of Intraday / Swing levels will be updated later.
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Disclaimer: Only For STUDY. For Taking Trade Decisio
Cypher
BankBaroda - Next Customer- Crab. Earlier -Gartley & Cypher158-160 Zone is very important. Once double of 167-168 Zone is crossed safe traders can jump. Harmonic Traders can look for support in 158-160 Zone as suggested in previous post.
Gartley Result from 167 to 162- very close to 158-160 Zone
Cypher Result from 153 to 167
SBI : That Potential Cypher...In SBI, we have perfect-potential cypher formation if all goes as expected we will be getting reversal around the 305's zone to downside. RSI also looks bit oversold but on cypher completion it may go well above current levels.
Aggressive traders can enter Right on touch of 305's zone
Conservative traders look for additional setups in the zone or an reversal before entering !
Moreover Trade only if you have traded harmonics earlier, if No, its not at all a problem, Look for other simple setups
Where we are with Banks ?!Technical Aspects :
YesBank - Bearish Bat
AxisBank - Channel Breakout ( will fail & range again, just My opinion )
SBI - Bearish Cypher
So as of now our technical aspects point downside...
Fundamental :
Not literally fundamental view, based on macro news,
YesBank - Lesser NPA than Axis & better next to HDFC
AxisBank - High NPA among privates
SBI - Banks consolidation will do it down & NPA none cares, bcos its public(our) Money, so they don't mind about getting it back. :)
This is not
ESCORTS - Completion of Cypher PatternI am not afraid of losing a trade; but I'm afraid of doing a trade without money management. Most probably, most of the time, haphazard money management is what gets us screwed. And, trust me, I have learnt this very hard way. So, here's a perfect 1:2 - Risk:Reward trade on your radar.
CYPHER PATTERN DESCRIPTION:
Basics - XA must be an impulse leg.
1. Point B must be in between .382 - .618 retracement of XA leg.
2. Point C must be in between 1.272 - 1.414 retracement of AB leg.
3. When Point D
Bearish Harmonic Cypher @ 178.5 _ KARNATAKA BANK 15 MinsHi,
A Bearish Cypher near completion on 15 mins chart of KARNATAKA BANK.
Trade levels are as follows - Wait for price to test the Potential reversal zone & watch price action before making entry.
ENTRY ( PRZ Completion) : 178.5
TARGET 1 : 175
TARGET 2 : 172.9
STOP : 182.3
Trade with Care
Gulz
Trade setup for June 12 - HINDPETRO - 15 MinsHello Traders,
We have spotted bearish Cypher pattern on Hindpetro 15 mins chart. RSI is already into overbought zone. Traders may enter short once price hits our entry level.
Trade Levels:
Entry: 541.90
Stop: 547
T1: 537.35
T2: 534.55
Good Luck!!!
PS: If you like our ideas/analysis, please like/share them and keep us motivated. If you have any queries, please free to write them in comments. Thank you.
Bullish Cypher : Intraday long setupHi All,
A Bullish Cypher pattern spotted on BEL chart which may give nice intraday oppurtunity.
5 mins chart is giving more insight for the price action with RSI divergence.
Trade levels ( also mentioned on chart)
Potential reversal zone : 171-170.8
Stop : 168.9
T1 : 173.2
T2 : 174.65
Trade with Care,
Gulz
Nifty : Billion's Billionaire Dreams...Nope... Don't say so, infact dont say you haven;t expected that upside move. Why ?? Kindly check our Nifty Post on last Monday (22-May-17) titled 50 lakh crore. Nifty decided to do us favor by following our expectations & that's why our analysis are right. If there is No favor by Nifty, we won't be getting this much success rate for sure.
So whats in for the Day ?
Scene 1 : The Double top & Cypher, if yesterday's bull's are tired, Nifty will drop down a bit, purely for Intra lovers you can m
NIFTY:IF THEN DOUBLE SETUP (H&S followed a bullish Cypher)Hey Friends,
Here is a IF-THEN kind (double setup) (H&S breakdown followed a bullish Cypher) on nifty hourly chart.
Trade levels are mentioned on chart - feel free to check it.
As usual, for bullish cypher stops should be kept below X leg.
More importantly watch the price action on lower time frame before making any positions & Trade with Care,
Gulz.
BankNifty : Finally from ABCD's to Cypher !First I had mentioned Gap Up n Down scenario's in Banknifty but as market opened I have changed it to one-sided scene.
(i) If trendline violated to upside wont sustain for longtime max 21650's only, then reverse to down
(ii) Touch n Play with trendline from Downside & Straight move to down
Today weekly expiry right ? Extreme guess work, BankNifty may reserve that downmove for last session.
Lets see how it plays out ! Happy Trading !
POTENTIAL LONG SETUP : BULLISH CYPHER + TRNED LINE MERGE Hi,
We have another potential Long opportunity at the D leg completion of bullish Cypher setup of TCS Daily chart.
The price reversal expected near to 2243 which is D leg completion of the pattern.
There are chances of trend line & D leg of the pattern to merge,we may witness strong price action to upside if it happens
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Stop loss would be placed below X leg structure support .
Targe
TECHM Cypher Pattern Getting readyForming a Cypher pattern in Techm -2.79% . Long positions can be taken @428 level if it sustains in that range for a immediate target of - T1 (460) , T2 (471) , T3 (482) . SL 405
RSI Indicates that it is going to enter the oversold zone. May bounce back sooner.
Immediate support @ 445 - 447. If it breaks this level long positions can be initiated
Potential Harmonic - Apollo Hospitals (Daily)Hello Traders,
We have spotted a potential Bullish Cypher Pattern on Apollo Hospital daily chart. If pattern completes, we will have a swing trade set-up. This potential trade will have a risk/reward ratio of 1:1 for target-1 and 1:1.6 for target-2.
Happy Trading!!!
Bearish Cypher Pattern found in Bank NiftyJust found a bearish cypher pattern in bank nifty index, on daily chart. MACD shows signal line crossing over MACD line, indicating a downtrend and RSI is indicating that the bank stocks are over bought. 0.236 and 0.382 retracement levels will be 19788.54 and 19371.6 respectively.
Bearish Harmonic on BHELHi Guys.. Hope everyone had a profitable week.
Here on BHEL chart, it looks like Cypher will complete soon giving us an opportunity to get into short trade. Previous support near pattern completion gives additional confirmation on short entry. Cypher has low risk/reward compare to other harmonics but has higher winning percentage.
Potential Trade:
Short Entry: 152.50
Target 1: 138.50
Target 2: 130
Good Luck!!!























