Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

ASX200 forms Bullish Cypher Pattern, good to buy at dips

  • Harmonic Pattern - Bullish Cypher Pattern 
     
  • Potential Reversal Zone (PRZ) - 4850
     
  • The index has retreated till 4883 after making a high of 5035. It is currently trading around 4894. 
     
  • On the lower side major support is around 4850 and any break below will drag the index down till 4815/4785.
     
  • Major resistance is around 4930 and any break above targets 4980/5020/5035.

It is good to buy at dips around 4850 with SL around 4815 for the TP of 4930/4980

 

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.