Trendline and the specially designed volume action analysis suggest a Bearish run on the CIPLA. The background with light green color are indication for bulls taking the position and the Light red background suggest Bears are dominating in the region. This is my NEXT week analysis on CIPLA two resistance line are there with good volume supporting the bearish view.
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Comment
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**DISCLAIMER There is a very high degree of risk involved in trading. Past results are not indicative of future returns. I assume no responsibilities for your trading and investment results. The indicators, strategies, columns, articles and all other features are for educational purposes only and should not be construed as investment advice.
I am constantly updating ideas and I want to chat and post pic of table but need the reputation to do so please help me reach required reputation. Thanking you in advance.
tanmoyg112
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Sir I bought cipla NOV 800 ce at 8.5 and now it is trading at 4.7 and I am in loss.
Is there any possibility to recover my loss?
Please suggest sir what I should do now?
TJalam
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@tanmoyg112, NOV 820 ce is trading at 4.7, If you think the trade will end in the money before expiry then keep it with you and exit when it's price is around 820. Since the expiry day is coming close and i don't see it going towards 820, you will loose more value at a faster rate because of Time decay, if I were in your position I would have booked my losses and exited the trade. you will save some money if you exit at a good price otherwise your position will expire worthless if it does not move according to your will.
**DISCLAIMER
There is a very high degree of risk involved in trading. Past results are not indicative of future returns. I assume no responsibilities for your trading and investment results. The indicators, strategies, columns, articles and all other features are for educational purposes only and should not be construed as investment advice.
sreedharguru
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Sir, which indicator is this
TJalam
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@sreedharguru, this indicator is designed by me in Pine script code, it is not available in public library.