NeeteshJain
Long

CIPLA BREAKOUT SETUP

BSE:CIPLA   CIPLA LTD.
873 views
19
873 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
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
great thnk u sir ji
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good pichkok analysis,nice setup
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rupambose32 rupambose32
@rupambose32, sorry pitchfork
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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
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