Cypher shapes basically represents that the prevailing trend to be continued as the shape itself describes the support and resistance on a long term trend line.
It is quite necessarily that the cyphers should be formed in the long term wedge shapes so that the long term trend line can provide a good support for the price pattern to be adopt.
So a perfect one is IFCI from todays look can be accumulate around 25 for the minimum target of 30…
This is my personal view not a recommendation.
Here is the snapshot:
