Chart and levels are easy to understand trade setup for 05-08-2021.
Do comment your doubt or suggestion.
My personal view is on CIPLA.
Yes. If it trades below 910 then it will be good opportunity to short it. And easy target will be 900.
Let's see how price action works in coming days.
Yes. But be careful as today is result for CIPLA so keep SL
Below 890 level it will become more bearish. Because on Daily time frame it has already broke 100DMA. And trading below it. However it is still above 200DMA. There can be the chance of reversal if it holds the level of 895 and gets support from it.
but our trade depends on levels and price action.