Umang_Sharma

CIPLA: Analysis

Long
NSE:CIPLA   CIPLA LTD
Yesterday cipla broke out from its range today it retested and started moving as expected.
.
Reason to Buy :
1) Broke out from triangle pattern with good volume .
2) Good price action in one hour time frame(Triangle breakout as well).
.
Stop-loss must be kept at previous immediate swing. RR ratio must be calculated before taking the trade.
Trade active: Good Profit in Progress
Comment: Might come for gap filling in upcoming days.
Trade active: Profit in progress
Trade active: Still Holding on to this trade.
Trade closed manually

Comments

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