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.
Comment:
Today, good follow through after breakout from wedge. But couldn't sustain. That's why triangles and wedges are least liked by me, personally.
