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NeeteshJain
Oct 28, 2016 11:36 AM

Cipla - Burst Downside  Short

CIPLA LTDNSE

Description

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
Comments
rajesh2467
thanks.
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