Cipla - Important Support + Double Wedge
Updated
CIPLA is at an important support tracing back to 2014. It's currently trying to overcome it and has a positive market structure with good trend strength.
As you can see it is having 2 rising wedges forming, a smaller one inside the bigger one .
Indicating a very good sign of bullishness.
One should expect upside and look for long trade opportunities.
Trade active
Breakout from wedge and good bounce from support. Can be expected to rise further.Note
Today, good follow through after breakout from wedge. But couldn't sustain. That's why triangles and wedges are least liked by me, personally.
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