(Intraday) Nifty long to retest with Cypher will Fall Soon

Apr 26, 2020

1. Flag Formation on One Hour Chart and Day Chart

2. As mention in my previous study Cypher Pattern Confirm the nifty will fall to 7971

BUT

3. Recently , On 15 Minutes Chart AB = CD Pattern has been Form on Nifty Chart on 24/04/20
AC =0.633 ( Near to 0.61 Level) BD = 1.267 ( Near to 1.27 Level).

4. Last Candle on 15M Chart took the reversal from the "D" Point Only.

5, Cypher Pattern Drawn on above ABCD Pattern
XB = 0.636(Near to 0.61 Level) AC =1.144(Near to 1.13)

6. Assuming XD = 0.786 , D Point Formed at 9290-9300.(RETEST LEVEL)

7. On Drawing Fibonacci Retracement from D Point to 9300. It will fall soon to 9239 , 9202

8. Down trend on Weekly Chart

9. Buy Above 9180 target:9257 , 9279 Stop Loss :9142 ( Demand and Supply Zone on 15 minutes Chart)

10. Resistance Levels 9199 , 9215 , 9245 , 9259

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Apr 27, 2020

Note

Market Reached 9280 in Pre Open.

Apr 27, 2020

Note

Sell Below :9331 (After Confirming Candle ) Target:9280, 9258

Apr 27, 2020

Note

After fall First target achieved

Apr 30, 2020

Trade closed: target reached

All target reached