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CIPLA LTD
Long

Cipla

By ashishhc
Updated
Again my favourite pattern. Slanted inverted H&S. This pattern is my invention. Trade is missed though. Just sharing for knowledge. It's on ATH now. Can be taken into consideration if trendline re-test.
Note
Breaking 1210 on closing basis can initiate short trade. Long term its bullish only.
Note
Caution: There is negative news right after my analysis. Broken the trend line levels. Forget this trade for few days. not active.
Note
Level broken. Strictly ignore.
Note
Above the trendline now.
Trade active
activated now.
Head and Shoulders
ashishhc

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