Daily price action has formed bearish candle and also close below previous session's low which remains a negative bias.
Cipla has formed double top structure in daily chart pattern
Now RSI has crossed below 60 level which is bearish also create negative RSi divergence .
Below 953 Cipla can fall up to 920 and 900 level.
stop loss 972
target1: 920 target2:900.
Cipla has formed double top structure in daily chart pattern
Now RSI has crossed below 60 level which is bearish also create negative RSi divergence .
Below 953 Cipla can fall up to 920 and 900 level.
stop loss 972
target1: 920 target2:900.
Note
CIPLA 953 TO 944 9 POINT DONE
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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.