Einstein15

CIPLA Breakout

NSE:CIPLA   CIPLA
CIPLA is in the breakdown/reversal zone.
Its result will be out soon too.
results are good
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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.
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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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