CIPLA Positional Weak

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.
Feb 12
Trade closed: stop reached: Stop loss got taken and then the price fell down to hit the target. Noise affected this trade.


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 Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out