But, now I think we might see a new trend- Potentially a bear one.
The problem with most traders is they think "indicators are everything" which is simply not true.
A fancy cluttered chart with 10 indicators doesn't mean accuracy at all.
I think you can trade with just basic tools, you just need to know everything about them, extensively.
Today is 9th October 2019 (9/10/2019). This is a 3 Month chart.
i Believe CIPLA is changing its trend as the which has been been acting as support from April 1st 2003 has been broken, But CIPLA has NOT closed below this . This is a 3 MONTH chart, it closes on Jan 1st 2020. The ultimate confirmation will be when CIPLA closes below the . The view is very clear, I don't complicate things.
What should this mean to you?
If you hold CIPLA in cash market, now is the time TO NOT even think about getting out. (You're already on a lot of loss right now but things might change if it doesnt close below the )
If you're looking to invest into CIPLA, You shouldn't right now either. Wait till the candle closes ABOVE the .
Trade safe and sound.