NeeteshJain

Cipla - Burst Downside

Short
NeeteshJain Pro+ Updated   
NSE:CIPLA   CIPLA LTD
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
Trade active
Trade closed: target reached:
Target reached Successfully, Regards
Trade closed: target reached:
Target 2 at 550 levels achieved
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.