Long
Long
Long
JK PAPE ON next moveWhat Is the Cypher Chart Pattern?
The Cypher is a type of harmonic pattern used by traders to identify potential buying and selling opportunities in the markets. Specifically, it’s used to help find areas where a reversal may occur.
The pattern is made up of five swing points (X, A, B, C, D) and four legs (XA, AB, BC, CD). It’s characterised by an “M” shape when bullish and a “W” shape if bearish. Traders typically place orders at D to catch the potential reversal.
Like other harmonic patterns, the Cypher requires that specific Fibonacci ratios be met before it is traded. However, the ratios used for the Cypher are relatively unique, which makes the formation one of the less common harmonic patterns.
The Cypher is also more advanced than other patterns, like the Gartley, Bat, or Butterfly, so you may need to spend some extra time learning how to recognise and trade it effectively. Once you master the skill, however, you’ll find that the Cypher can be a valuable addition to your trading arsenal.
JK paper has formed a cypher pattern, and expecting 411 and 550 levels in coming times
it also indicate start of 3rd wave of elliot 
Long
Long
Long
Long
Long
Long
Long
Long
Long 
Long
Long
Long
Long
Long
CIPLA | Downtrend Broken — Resistance Flips to Support📊 Daily / Higher Timeframe
On the higher timeframe, #CIPLA (Cipla Ltd.) had been in a clear downtrend — each leg printing a CHoCH followed by a bearish BOS, dragging price down from its highs in a steady stair-step lower.
⏱️ 4H Timeframe
On the 4H, that bearish picture is now shifting. Price had been respecting a clean descending trendline — and it has finally broken that downtrend to the upside, the first real sign that buyers are stepping back in.
After the break, price pulled back and reacted from the Breaker Block ( ₹1,246.80 – ₹1,270.70 ), then pushed higher. The key development is the zone at ₹1,357.50 – ₹1,381.40 : what was acting as resistance has now flipped into solid support. With price trading around ₹1,439.20 above that flipped level, the structure favours continuation higher.
The upside liquidity targets are stacked overhead: first ₹1,542.65 , then the deeper pool at ₹1,673.40 . The bullish thesis stays valid as long as price holds above the flipped support — a clean break back below it would put the setup on hold, with the major downside liquidity resting all the way down at ₹1,164.55 .
🎯 The Game Plan
Bias: shifting bullish — descending trendline broken to the upside after an extended downtrend.
Structure: reaction from the Breaker Block (₹1,246.80 – ₹1,270.70), with resistance now flipped to support at ₹1,357.50 – ₹1,381.40.
Targets: buy-side liquidity at ₹1,542.65, then ₹1,673.40.
Invalidation: a clean break and close back below the flipped support zone.
📰 Fundamental Backdrop
The technical shift lines up with the broader picture for India's pharma space. Cipla is one of the country's largest pharmaceutical names and a notable constituent of the Nifty, with sentiment driven by domestic demand, export and regulatory news, and the wider healthcare cycle. After an extended downtrend, a structural shift like this one — a trendline break with resistance flipping to support — tends to draw fresh attention to the stock, making the current zone a key area to watch as the trend attempts to turn higher.
This analysis will be updated as the market evolves.
If this breakdown added value, drop a like 👍 and a comment 💬 to support the work — and share where you see Cipla heading next!
Best Regards, BigBeluga 🐳 Long 
Long 
