premanandh

sell cipla

Short
NSE:CIPLA   CIPLA LTD
on daily charts cipla is forming ascending triangle and currently the market price is at major resistance level which is in confluence with the base of triangle yesterday 2-5-18 it formed shooting star indicating a trend reversal and today (3-5-18 ) it is forming an engulfing pattern indicating a strong trend reversal RSI has touched oversold levels and returning back , we can expect short downtrend we can go for selling ( if u find this idea useful, irrelevant, wrong please post your ideas and views your opinion are always welcome )

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