Cipla - Burst Downside
Updated
It is been observed that the price action formed a big symmetrical triangle on hourly chart. Now the price action breaks and closes below the symmetrical triangle trendlines, indicating a confirmation on further bearishness ahead.
Target 1: 563 (next support levels)
Target 2: 550 (As per triangle measurements)
Stoploss: 590
Target 1: 563 (next support levels)
Target 2: 550 (As per triangle measurements)
Stoploss: 590
Trade active
Trade closed: target reached
Target reached Successfully, RegardsTrade closed: target reached
Target 2 at 550 levels achieved
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