Einstein15

CIPLA Neckline Breakout

NSE:CIPLA   CIPLA
CIPLA has been respecting the neckline for couple of months now. Spending most of its time on the upperside.Currently back on the neckline frmo down under, awaiting a breakout or reversal.
It breached the 590 zone. Should we expect to see some more downside if Cipla remains weak on Monday.
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Einstein15 cajatinnagpal
@cajatinnagpal, Yes, but it gave a good 2% fall so this chart is done, and currently its on another support/resisitance level. So it require a fresh analysis.Nifty is in tight range , it will take everythng up or down with it when it breaks in either direction based on election. ALso it made a doji in the end, so market is not sure. Yea it can be a reversal or breakdown from level. onto the next
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You are very creative. Aren't these drawings time consuming.
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Einstein15 AbhishekHSinghCMT
@AbhishekHSinghCMT, The ones like these dosent take much at all. The animal ones and other "ART" charts takes time, thats why I draw them only on weekends.
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@Einstein15, Amazing. Cheers!
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