ashishhc

Cipla

Long
ashishhc Updated   
NSE:CIPLA   CIPLA LTD
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.
Comment:
Breaking 1210 on closing basis can initiate short trade. Long term its bullish only.
Comment:
Caution: There is negative news right after my analysis. Broken the trend line levels. Forget this trade for few days. not active.
Comment:
Level broken. Strictly ignore.
Comment:
Above the trendline now.
Trade active:
activated now.
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