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CIPLA WEEKLY Waves analysis Series #01
CIPLA LTD
Short
CIPLA WEEKLY Waves analysis Series #01
By koolshanin
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Apr 4, 2017
2
Apr 4, 2017
Cipla weekly looks in a Triangle correction. prefered counts is Wave(4) and alt count is (X)
so cipla is going to get choppy for sometime.
I feel its better to avoid long term longs in this counter
Long term positional short SL 645
CMP 592
TGT 537.5/430
Remember D leg comes around 537.5 after which E leg pullback towards the barrier is expected.
Trade at your own risk and I have all rights to go wrong.
Elliott Wave
EW
Triangle
koolshanin
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