Jump to: Pattern Result
Date and Arrival Time: 2020-11-14 19:10
Symbol Name: BAJAJ-AUTO
Pattern and Direction: Bearish Cypher – Completed
Pattern Completion Price: 21621, Pattern Ideal Completion Price: 21672.40
A Completed Bearish Cypher has arrived at 2020-11-14 19:10 (Saturday 14th November special Muhurat trading hours).
This is a pattern with a formation span of 15 days starting from the 26th October – 14th November.
There is a potential Sell opportunity at the price 3060. A common stop-loss for this Cypher pattern is at price X: 3112.15, however traders can also keep stricter stop-loss levels closer to the completion price D (3060) depending on their risk tolerance.
UPDATE: 18th November EOD
The initial move after the completion of the pattern was successful, and there are multiple opportunities for traders to take profits based on this trade. Although the pattern did not take a massive move like this Cypher, is has still not been invalidated and has provided secure profits – take a look below!
