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ReviveTraders
Dec 15, 2020 4:57 AM

Cipla | Bearish Harmonic pattern  Short

CIPLA LTDNSE

Description

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Day Trading opportunity ! 15 min Chart Alert !!!

--sell below 789.45= or CMP
--Target = 775
--Stop-loss = 794
--Lot Size = 1300
--R:R = 2.81
--Expected Profit = 16,900 ₹ per lot (1.74 % )
--Expected Holding = 1 day only
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Technical Reasons to trade OR Strategy applied :-

1) bearish harmonic pattern
2) rejection at top
3) Trade is confirmed with big bearish candle
4) we just need breakdown of support
5) cipla gap is expected to fill soon

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Comment

we need trendline breakout as well

Trade active

Trade closed manually

exit with no profit no loss
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