CIPLA - Swing Trade Analysis - 17th May #stocks
CIPLA (1D TF) - Swing Trade Analysis given on 17th May, 2024
Pattern: FALLING WEDGE BREAKOUT (Double Bottom)
- Trendline Resistance Breakout - Done ✓
- Volume Buildup at Resistance - Done ✓
- Demand Zone Retest & Consolidation - In Progress
* Disclaimer
Pattern: FALLING WEDGE BREAKOUT (Double Bottom)
- Trendline Resistance Breakout - Done ✓
- Volume Buildup at Resistance - Done ✓
- Demand Zone Retest & Consolidation - In Progress
* Disclaimer
Trade active
CIPLA Update (as on 24th May, 2024)✓ 6% in 3 Trading Sessions
- Both Target Levels have been Achieved
- The stock took support at the Trendline and on the reverse upwards was the correct entry
- Strong Volume buildup
- TSL is on
* Disclaimer
Disclaimer
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