NeeteshJain
Long

CIPLA BREAKOUT SETUP

BSE:CIPLA   CIPLA LTD
924 views
19
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
Trade active
Trade active
Trade active
Trade active
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
NeeteshJain LearnerTA
@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
dr_professor_nifty dr_professor_nifty
@dr_professor_nifty, sorry pitchfork
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out