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Trade-Technique
Jun 11, 2019 7:28 AM

Footprint analyzied CIPLA again. Short

CIPLA LTDNSE

Description

Presently, CIPLA is created excess on the value high, if it's not break up the value area.

  • Found the two phases for sellers won the price.
  • As per timeCycle analysis, time is far from now for that phase.


As per risk and reward, as a trader can short this stock 567 nearby with stoploss 571 above and wait for target 549.5 and 535 below.

Comment

Exactly Cipla started to fall from our sell point.

Trade active

Cipla is still active. We are still waiting for its target.

Comment

CIPLA target is still far.

Comment

CIPLA is now very near the TARGET.

Trade closed: target reached

Comments
UnknownUnicorn4466383
if it takes support @ control price??? after it will retrace to top line??

atrehan
Good one. We can look for dive to Control price.
Trade-Technique
@atrehan, You are absolutely right, thought price is following very small value area. I ll update it soon.
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