What 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...
hi @bhikhu65
Since march 20 to recent high it gave approx. 650% returns with a single indicator recently it again touched that so I don't want to look more , this single thing looks enough for me.
Choose your decision accordingly.
All the best.
Gratify if you appreciate the practice then you can like it, share it and
If you want me to investigate any chart...
JK PAPER LTD gave symmetrical triangle breakout with gud volume yesterday and closed abv weekly resistance zone with strong bullish candle can look for swing trade with ur prefered RR.
Stock name = JK Paper Limited.
Weekly chart setup
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Master Score = C
Mediocre earnings and poor price performance make this a stock that still needs to prove itself.
Disclaimer: This...
JK Paper is in the buying zone after 2020 fall. Divergence in the buying zone is fairly noticeable.
I will buy 1% of my capital (Rs 10,0000) for a longterm view.
Buy Price: 321
Qty 31
Horizon 1-2 years
SL - Will only protect profits at a later stage
Disclaimer: Please do not follow my trades blindly. This is not a financial advise
The ema is showing a clear divergence.
it is the best place to place some trades because here we get a very little stop loss and if anything happens it's a little risk with high reward ratio.
technical is looking good from the levels of 335 it can turn out to be a swing trade.
#this is not an investment or trading advice do your own analysis first we can be wrong....
As per my analysis, NSE:JKPAPER is trying give a pullback. My idea is to take buy entry at 329-330 when any 15min will closed above level of 328.75. Stop will be 318 (-11 Points Risk). My expected upside target would be 344 (+15) & 354 (+25).
Note: This is my personal analysis, only to learn stock market behavior. Thanks.
JK Paper has given a strong Breakout of it's triangle pattern on daily timeframe with strong volume buildup. In coming trading sections me might see a new highs in a stock.
Clearly came out of the consolidation..
Stock is moving nicely with good momentum followed by consolidation.
One can expect same bullish momentum which the stock shown earlier.
Maintaining good risk reward ratio is always a good thing.
