afzal_57

CIPLA Positional Weak

Short
NSE:CIPLA   CIPLA
Weekly is showing a halt in the continued DT. Price below 50 EMA .

The weekly zone is proving important in Daily. I am seeing 4 rejections. Yesterday price closed below the 50 EMA . We can see 6 back to back red bars, giving a nice bear picture.

In the 75 min, price broke the level of 467 on 6th Jan and is giving a nice pullback to test it with two wick rejections. Also, there is nice RSI Divergence to confirm the weakness. A good positional short opportunity with SL at weekly zones.
Trade closed: stop reached: Stop loss got taken and then the price fell down to hit the target. Noise affected this trade.
CA | Trader | Trainer |
Details: https://linktr.ee/afzal57

Comments

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