Trading_hawk

CIPLA | ROUNDING BOTTOM PATTERN | SIMPLE INTRADAY TRADE SETUP

Long
NSE:CIPLA   CIPLA LTD
NSE:CIPLA

CIPLA has made rounding bottom pattern breakout.

Simple INTRADAY trade setup for 02-08-2021.
For buy trade --> Go long above 925. Targets are mentioned on the chart.
For Sell trade --> Go short below 910. Targets are mentioned on the chart.

My personal view is bullish on Cipla. It gave RSI Bullish divergence by forming higher lows in the RSI chart, while candle chart was making lower lows.

Do comment if you have doubt or suggestion.
Trade active: Buy trade only above 925. Don't jump. Wait and trade on level only.