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CIPLA - Swing Trade Analysis - 17th May #stocks

Long
CIPLA LTD (NSE:CIPLA)  
TradeRyteStockz Updated   
NSE:CIPLA   CIPLA LTD
Trend Analysis Chart Patterns Technical Indicators cipla niftypharma swingtrading traderyte Falling Wedge breakouttrading demandandsupplyzones target weeklymarketsanalysis
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trendanalysis chartpattern indicator cipla niftypharma swingtrading traderyte fallingwedge breakouttrading demandandsupplyzones target weeklymarketsanalysis
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
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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