syedaleemuddinnoor

[Intraday] Weekend lvl 6 + rejection of ~550 CIPLA

NSE:CIPLA   CIPLA LTD
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4
Had been rising continuously from the past 7 days with out breaking previous day low, yesterday formed doji
Short only if the previous day low is broken with stop loss at previous day high.

Can also go long if the previous day high is broken, but update TSL to cost immediately after entering the trade

In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.

PDH 556
PDL 537.4

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