theapextrader7

Intraday (19-11-2020) - CIPLA

Short
NSE:CIPLA   CIPLA LTD
intraday levels for 19-11-2020
Trade active: sell active at 750.6. Put SL at cost
Trade closed manually: cost to cost SL hit. No profit no loss
Trade active: going for buy at CMP 751
Comment: SLat 745.5
Comment: SL hit. Pharma stocks turns negative. recovery trades running in divislab and britannia.
Comment: Reversal trade was on note of other pharma stocks being positive. Sticking with the technicals originally analysed would have caught handsome profits. Neverthless, trade with trend should have to be followed all time.
Comment: looking back, the sell trade at first was awesome to hold on. got confused by overall uptrend in pharma sector and with stocks like apollohosp,divislabs etc. :(