CIPLA Breakout

CIPLA is in the breakdown/reversal zone.
Its result will be out soon too.
results are good
Intrested the same level last week. Bounced back to 581. Again testing this zone. Very tricky.all depends on results. Should do a straddle strategy in options.
Einstein15 dhirajsabharwal28
@dhirajsabharwal28, True! ALso False_breakouts before results makes it even more tricky.
I can totally imagine it breaking down to 530 levels <taking all the stops> just to zoom up to 580/600 levels on a GOOD result and vice versa for the bad result
Guess small targets ,small SL is the key on this one, or as u said,the Straddle Strategy
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