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Trading_hawk
Sep 7, 2021 7:07 PM

Simple Trade Setup | CIPLA | 08-09-2021 

CIPLA LTDNSE

Description

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.
Comments
rommee
Guys don't panic till 930(safe side)
Trading_hawk
Hi @rommee,

Thank you for your comment. It will be okay for investor to hold equity and sleep, if a company is fundamentally well.

For Intraday / FnO Trader every levels matter.
rommee
@Trading_hawk, agree BOSS
Trading_hawk


Making inverse head and shoulder. Neckline at 947. Sustainable breakout of 947 will give quick up move.
And resistance from it, will give down move.
MrReddy24
@Trading_hawk views on DeltaCorp please?
Trading_hawk
@MrReddy24,
Critical Support at 217 level. Safe buy above 222 only.
MrReddy24
@Trading_hawk Thank you
Trading_hawk
@MrReddy24,
Your welcome
Petertrader78
@Trading_hawk, not 652 its 952
Trading_hawk
Hi @Petertrader78

yea. thank you for correcting 👍
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