Trading_hawk

Simple Trade Setup | CIPLA | 08-09-2021

NSE:CIPLA   CIPLA LTD
NSE:CIPLA
Observations:

1)On 15time frame, it has been consolidating in between 946-956 level range since 06-09-2021.
Breakout on either side will give good move.

Please refer below chart : 15 time frame.


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Trade Setup for Date 08-09-2021:

1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.

2) Everything is mentioned on the chart. I hope it is easy to understand.

3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.

Please refer below chart for levels.

Hope I made it easy to understand it.

Do comment your doubt or suggestion.

Please be noted that stock might not reach the ultimate level or it might also go further than the ultimate level. One can book profit or SL as per their own strategy.