NeeteshJain

Dec 11, 2016 11:32 AM

Mcleod Russel Completes Bullish Cypher Pattern Long

MCLEOD RUSSEL INDIA LTD.BSE

Description

⋅ Dec 11, 2016 11:32 AM

It is been observed on the daily chart that the price action completes a bullish Cypher Pattern by reching 78.6% retracement level of (X-C) indicating a bullish move ahead.

Target: 158
Target: 160
Stoploss: 148

Trade active

⋅ Dec 12, 2016 6:57 AM

Trade active

⋅ Dec 13, 2016 4:21 AM

Comment

⋅ Dec 13, 2016 4:38 AM

2.5% up, closing to target 1. Regards

Trade active

⋅ Dec 14, 2016 3:58 AM

Trade active

⋅ Dec 21, 2016 3:50 AM

Comment

⋅ Dec 21, 2016 4:37 AM

It is touching the crucial support levels again,

Target: 150
SL: 143

Trade closed: stop reached

⋅ Dec 22, 2016 9:49 AM

Comments

ashokm81

⋅ Dec 21, 2016 4:32 AM

Pls update the status once again pls because it is reached SL.

NeeteshJain

⋅ Dec 21, 2016 4:38 AM

@ashokm81, Yes, I have updated it with a chart. Kindly have a look. Regards

sonshu101

⋅ Dec 14, 2016 11:46 AM

Hi Neeteesh,

Good one but how you calculated 158 as target. Shouldn't atleast 23.1 be first target which is around 161 sub levels ?

NeeteshJain

⋅ Dec 15, 2016 6:52 AM

@sonshu101, Yes you're right. I like to match support and resistance levels with Fibs in order to take targets. Regards

ashokm81

⋅ Dec 21, 2016 4:51 AM

thank you sir

ashokm81

⋅ Dec 21, 2016 3:49 AM

Sir, This is active or not?

ashokm81

⋅ Dec 15, 2016 6:33 AM

This stock is active or not?

NeeteshJain

⋅ Dec 15, 2016 6:53 AM

@ashokm81, Yes, it is active until it closes below 145 levels. Regards

K-TOS

⋅ Dec 13, 2016 9:24 AM

I'm in this trade since 145 Entry.
Was hoping it would hit 160 and above today after the breakout, but it failed as of now.
I hope it doesn't falls into the trading range again and goes low.
Got rid of half and holding another half.

padiyara

⋅ Dec 12, 2016 3:28 AM

Hello sir,
The pattern seems to be matured, then why we cannot keep
a minimum 38.2% retrace of CD target comes around 172.