Presently, CIPLA is created excess on the value high, if it's not break up the value area.
Found the two phases for sellers won the price.
As per timeCycle analysis, time is far from now for that phase.
As per risk and reward, as a trader can short this stock 567 nearby with stoploss 571 above and wait for target 549.5 and 535 below.
If you get a chance to enter 550 below and lower low, it's great to buy.
We have found tail on control price.
We need a big spike on this stock for move 565-567.
We are seeing more excess at value low which indicates that, can break downward. This is a red flag.
Different of -ve and +ve points, CIPLA is good at 547-550 with strictly stop loss.
I have added me...
With no major announcements on the cards in near future, this is a pure technical play with no event driven price action. Accumulation has been going on in Cipla for a long time now, and finally today it showed strength even as the price pushed upward of ₹550 and soon the intraday action was captured by HFT players which is why the ₹3 down...