Hour chart for explaining more details in currently:
Educational purpose only : CIPLA making 5 or 7 wave Correction . It's mean WXY or (WXYXZ )pattern.
This correction happen in CIPLA higher degree wave (((3))) . Correction also within 0.382 Fibonacci levels..
..this technical point gives confirm this is a wave (((4))) correction.
Coming weeks CIPLA has complete wave Z or Retracement at 0.5 fib levels that's mean wave 2 formation. after market reach above 1000 point is CIPLA continue new rally ....for next 4 months......
Long Run takes minimum 20 day time ..
Coming 10 days market will be parallel channel OR . If market break this channel takes long term holdings
This correction happen in CIPLA higher degree wave (((3))) . Correction also within 0.382 Fibonacci levels..
..this technical point gives confirm this is a wave (((4))) correction.
Coming weeks CIPLA has complete wave Z or Retracement at 0.5 fib levels that's mean wave 2 formation. after market reach above 1000 point is CIPLA continue new rally ....for next 4 months......
Long Run takes minimum 20 day time ..
Coming 10 days market will be parallel channel OR . If market break this channel takes long term holdings
Comment:
Cipla short trade for perticularly area 970 PE - 20 ₹ turns into 63₹ within 9 days
Comment:
Right time to BUY CIPLA ......
Trade active:
After updating March 9 . Wave following like this types formation
Comment:
RSI support level takes 40-50 area
Clear notification for upward direction
Comment:
Price change CE after saying right time to BUY
Related Ideas
PVR trade setup
jeevaramanan
about PVR