CIPLA LTDLong
CIPLA LONG-SHORT TRADE
Cipla currently in daily demand zone 880-860 and took halt here making low of 869 ( penetrating 50% demand zone).
Formed sort of hammer on the lower Bollinger band which concludes that it has respected daily demand zone.
strong supply zone at 920-930 levels. Hence I am come up with 2 trades.
Trade 1: CIPLA LONG
Entry : 880 (done)
SL : 868
Tgt : 920
Trade 2: CIPLA SHORT
Entry : 920
SL : 931
Tgt : 880, 850, 820, 770
Formed sort of hammer on the lower Bollinger band which concludes that it has respected daily demand zone.
strong supply zone at 920-930 levels. Hence I am come up with 2 trades.
Trade 1: CIPLA LONG
Entry : 880 (done)
SL : 868
Tgt : 920
Trade 2: CIPLA SHORT
Entry : 920
SL : 931
Tgt : 880, 850, 820, 770
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