Cipla @ channel support

CIPLA LTDNSE

Description

⋅ Nov 21, 2018 8:14 AM

Stock trading in an up-sloping channel from past 6 months.

Currently halting at channel support
Formed long bearish candle with huge volume at channel support , signalling bear's exhaustion.
And is followed by a spinning candle with good volume.

There is a Fibonacci cluster near 512-510 levels.

RSI is turning flat.

Stock can bounce -back from these level.

Pay-attention to price action.

Comments

arivoli

⋅ Dec 1, 2018 5:28 PM

Awesome... you got it

anupk89

⋅ Nov 21, 2018 12:16 PM

Excellent catch. It will go up for sure.