Friday, December 4, 2015

Valecha Engineering Ltd: Harmonic Review


Bullish Cypher pattern is clearly visible on its weekly and monthly charts. ( Charts herein-below)
Stock consolidated near cypher prz area from past 3 months.
Hence buy on dips strategy can be opted as long it trades above cypher prz area.
Any close below prz area, would negate the said pattern

Resistance: 57, 63, 75, 86, 95.
Supports:  43-42, 37, 30, 18.



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