satheeshSelvisubramanian

CIPLA Analysis - Monthly View

Short
NSE:CIPLA   CIPLA LTD
Current Formation - Elliot Impulse Wave

1) Wave2 took a support @ 0.5 level of wave 1
2) wave 3 took resistance @ 2.618 level of wave 1
3) wave 4 does not overlap on wave 1 .But it took support @0.618 level of wave3(Fib
level alone not met Elliot wave condition)
4) wave 5 extended wave

Current Trend::
Current at Top of parallel channel and Max OI @1300 level of both Jan and Feb series

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.