Cipla was in a good sideways range and the broke above with momentum. Price then retraced towards the breakout area in a good consolidation and now broke below the consolidation. There is a good opportunity of a bullish trade if price gets back into the above consolidation, thus forming a fake break out. I would suggest to enter only if 1 Day candle closes inside the prior consolidation (above 1016).
Hello, good work on sharing your first post with the community. We hope you found it an easy task. Wish you a lot of profitable trades! 🍀 ✌🏽from mod @Nico.Muselle, TradingView moderator
✌🏽from mod @Nico.Muselle, TradingView moderator