raghavendrakumart

Cipla - 5 wave decline with + rsi and macd divergence

Long
NSE:CIPLA   CIPLA LTD
92 views
3
A clean 5 wave decline in day TF and 4 Hr TF along with RSI , MACD positive divergence + breaking out of a falling wedge .

Above the cloud - uptrend resumes in day TF.

Larger TF : 5 wave decline ( Part A of the correction ) in week TF from highs and then a corrective upmove to the fall from highs. Likely c ( 5 wave ) of B has ended ...if the next uptrend form current lows...turn down..then a larger C follows..to new lows at a later time of the year...