Based on my PredictiveSystem's signals, its going to be a RED candle on 16-May-2018 for CIPLA
Sell Below: 574.4 for targets -
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before attempting...
i would probably like to go long in the counter and still feel that a some sort of strength still left in the script ... keeping in mind that a tough tough resistance at range of 685 - 695 is diificult to break!
sl 637 - 640
tgt 685, 695, 734 +++
When 1st Target Achieved Book 60% Quantity.
And Trail Your SL to Entry Price.
No Technique Can make money for you, if you don't follow disciplinary principals.
Risk Management & Position sizing is must before entering any trade.
In Cipla chart we clearly had new high formation breaking previous resistance & we had a slight pullback to a support zone. Till 555's zone Cipla the pullback zone can be extended but we never know what Markets gonna do, So planning your risk:reward is vital here. As per your trade plan, check what is your risk depending upon that take entry. One of those...
Hi All ,
I'm sure you might have seen the post on Cipla by our champ AbhishekHSinghCMT , If you haven't please do see .
Following are my observations on CIPLA weekly chart time study :
Please note numbers 16,24,40 all are multiples of 8 , Significance of 8 (It's a fib number)
1)Rally from may 2014 - 40 Bars
Above rally gave double top in 24...