NeeteshJain
Long

CIPLA BREAKOUT SETUP

BSE:CIPLA   CIPLA LTD
906 views
19
906 5
It is been observed on the Weekly and Daily chart that the price action is breaking out from a downward channel as well as from pitchfork lines, indicating a further move up.

Target: 600

Stoploss: 578
Jan 16
Trade active
Jan 16
Trade active
Jan 17
Trade active
Feb 02
Trade active
Feb 06
Trade closed: target reached: Target reached successfully, and now it shall further move up to 650 levels once it breaks and closes above 620 levels. Regards

Comments

12rs Stoploss for a 10rs target? Where's the Risk:Reward mate?
+1 Reply
@LearnerTA, Rightly Said, you may increase your Target to 602 as it seems positive and it shall move further up. This time I didn't calculate the Risk Reward and I appreciate your feedback. Regards
Reply
great thnk u sir ji
Reply
good pichkok analysis,nice setup
Reply
rupambose32 rupambose32
@rupambose32, sorry pitchfork
Reply
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