CIPLA, Strong Rally/Reversal – 15 mins chart!

CIPLA after giving a strong upward nosedived to close at 755 ! It reversed from day’s high of Rs . 774.65 which was exactly its near term resistance level .
It gave Rs .10 from the closing low of selling divergence (blue) candle.

Indicator used TE REKAB, it captures reversals in the market.

This is my personal study & idea. Please take advice from your financial advisor before taking any investing decision based on above chart.

Happy Investing !

PS: If you appreciate my study, pls leave a like. My funda is to keep trading simple & stick to your conviction, once you are on the right side of an intra-day trade !!


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