IbankerSid

Cipla - Harmonic Short

Short
NSE:CIPLA   CIPLA LTD
Cipla has an impending short long looming over it. It has had a good strong upside run in the past month

Seeing a PRZ at 726.55 as per harmonics. Do have a look at the price action around these levels to see weakness. SL around 732/733 levels. So, I would take a minimum 1:1 R:R or better (per your appetite)

If doesn't show weakness there, next levels to see are 732/740 to search for a weakness

#Disclaimer: Consult your financial advisor. This is for educational purposes only. Trail diligently
Happy trading everyone!
Trade closed: target reached: Bang bang! Shorted fut twice today. First from 726 to 708 (made a low of 701)
Then reversed all the way up again and fell from the same PRZ of 726.55 again. Shorted again till 714. Made a low of 710 about.

That's 40 points in a day. Hope you all enjoyed this.
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