CIPLA has made rounding bottom pattern breakout.
Simple INTRADAY trade setup for 02-08-2021.
For buy trade --> Go long above 925. Targets are mentioned on the chart.
For Sell trade --> Go short below 910. Targets are mentioned on the chart.
My personal view is bullish on Cipla. It gave RSI Bullish divergence by forming higher lows in the RSI...
IF TOMORROW MARKET OPEN AT A GIVEN PRICE AND THEN GO LONG UPTO 918,920,923
SL :- 885
TARGET :- 918,920,923
Only For Educational Purpose
Before Taking any decision do concern your financial advisor
This Analysis Based on Price Action
=> Resistance 947
=> Support 908
*Always Enter With good confirmation & Maintain proper Risk Reward.
******* Knowledge Purpose only ********
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NIFTY 50 EOD ANALYSIS -27-07-21
Open / High / Low / Close
15860.5 / 15881.35 / 15701 / 15746.45
Trading Range Low to High: 180 points
Likely Max Realistic Opportunity @ 50%: 90 points
India VIX: 13.23 / +6.27%
FII DII activities: -731 Crores
CHART BASED CONCLUSIONS
Nifty ended the day as if today was 19-7-21, just around the same level....