(Intraday) Soon Selling! on Cipla Short

CIPLA LTDNSE

Description

⋅ May 23, 2020 6:01 PM

1. Cipla price took the reversal from 1.61 level of the last peak on an Hour Chart.

2. Looks like cipla about to make the shooting star formation on an hour chart.

3. It has already formed shooting star formation on 15M Chart with valid Volume.

4.to keep the trading Safe

SELL BELOW: 627 Target: 614 , 597 Stop Loss: 639

IF YOU LOVE MY STUDY PLEASE LIKE + COMMENT ON MY STUDY. IF YOU WANT MORE STUDIES FROM MY SIDE PLEASE FOLLOW MY PROFILE HERE.

Order cancelled

⋅ May 26, 2020 3:52 AM

Trade move on another way.. don't activate the trade

Comments

asovani1

⋅ May 24, 2020 3:19 PM

I'm calling long. There is a clear flag breakout on the daily chart. Can go 680 easy. Look at how much Auro Pharma rose and is now due for short. CIPLA weekly RSI is also good and it only recently crossed 615 after long long time. Be careful with this one.

B-Power

⋅ May 24, 2020 3:43 PM

@asovani1, Great to know your opinion . This is just a analysis of correction wave (Impulsive wave / Rest Phase) from the steep increase of the cipla price.

relievedBus81114

⋅ May 25, 2020 7:26 AM

Any view on escorts,, please

B-Power

⋅ May 25, 2020 10:35 AM

@relievedBus81114, Short Escorts

iammrajit

⋅ May 24, 2020 3:03 PM

Any views on Hdfc bank or ICICI bank?

B-Power

⋅ May 24, 2020 5:19 PM

@iammrajit, Time to go long on HDFC

B-Power

⋅ May 24, 2020 6:02 PM

@iammrajit, FOR ICICI BANK NO TRADE DAY ON 26/5/20. TARGET ARE TOO SMALL

ritarita7

⋅ May 25, 2020 4:28 AM

Can some one guide me on the risk/rewards and support/ resistance of GMM Pfaudler in view of it's bad q4 but very good yearly performance. My email Bhatnagar.govindswaroop@gmail.com

B-Power

⋅ May 25, 2020 6:37 AM

@ritarita7, GMM Pfaulder Looks good. I didn't Notice ever. Resistence Level:3918,3958,4000

Support Level :3863,3832,3700,3660

iammrajit

⋅ May 24, 2020 3:02 PM

RSI is not a bad direction so trade with carefully 👍