TradingEdge_Academy

CIPLA - INSIDE BAR PATTERN

NSE:CIPLA   CIPLA LTD
CIPLA #CIPLA

- MOVING IN A NARROW RANGE
- FORMED AN INSIDE-BAR PATTERN

INDICATORS
RSI IS BELOW 50-LEVEL AND IS BEARISH
TT2 TREND IS BEARISH
CVD IS NEGATIVE

AS PER INSIDE BAR RULES:
1. BUY ABOVE 648
TSL 632
TGTS 657/669.50

2. SELL BELOW 632
TSL 648
TGTS 623/612

KEEP AN EYE!!

NOTE - BREAKOUT HAS TO HAPPEN WITH MORE THAN AVERAGE VOLUME AND THE FOLLOWUP CANDLE MUST SHOW CONVICTION!!
***Always keep "buffer" with target and SL level
***in case of GAP opening, the given levels become invalid.
***this is my personal view. Please take advice from your financial advisor before investing.

-
Garey
Whatsapp - +91 9999 504 500
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