NSE:CIPLA   CIPLA
#Cipla... this seems a perfect retracement plus shooting star at resistance TL... Need to watch movement below this candle tomorrow, most probable is Short from here...

Comments

Sir i have 10 lots of cipla 800 ce @ 18 .. loss of 1.3 lakhs 🤦🏻... Hold till expiry? Bhagwan bacha lo iss baar plz
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vpatil10 mercifulMaster41373
@mercifulMaster41373 sir no one knows what is exactly going to happen but we can predict based on best pattern formation, levels and experience...now it's looking fine today as I had told to hold if it opens above 740 so it looks good for now...anything below 740 is more pain so please take decision accordingly..and above 760 it may show good strength..
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@vpatil10, Thank You for your analysis 🙏🏻 Hope today we get closing above 760 haha
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Hi sir,,
I have bought cipla NOV 820 ce at 8.2 rs and now it is at 6 rs.

I am in loss of around 2k. Is there any possibility of recovering the loss??
Kindly help me in this regard?

If anyway it touches 8 rs I will come out.please suggest
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vpatil10 tanmoyg112
@tanmoyg112 I would suggest you to check tomorrow if opens below 739 -40 or gap down immediately square off and if open 740 or above then wait for 5 minute candle to close...higher probability from here is of down move but you can check above levels.. 2 3k loss is better than having 6 7k losses...being a trader if we are going to lose, we should think about losing less amounts then only we can enjoy rewards...don't go behind hopes, just stick to levels to succeed always...
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tanmoyg112 vpatil10
@vpatil10, thank you for your suggestion sir.

Is it possible to accumulate and average the option price if it goes down ?or directly will book loss if it opens gap down belo 737
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vpatil10 tanmoyg112
@tanmoyg112 better to book loss there...market is at all time high now and pharma all stocks have run superb... there can be more downfall than expected before next upmove, we should better be exit in minimum losses so that we are always open for next opportunities...and this is how we can manage risk and money...is the hope and averaging there are many people who blow their account....so risk and money management is very important thing than anything else in the market...and we should mainly learn first to manage that....so here better to exit fist and be ready for next opportunities in short or long side...
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tanmoyg112 vpatil10
@vpatil10, sir cipla has closed above 740 today so the particular premium jas not increased significantly .

Is there any possibility of hope or should I square off on tuesday morning ?
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