Cipla - Burst Downside
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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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.