CIPLAThe stock seems to be in love with box pattern.
Since the fall in March, the stock has made 3 rectangles and has broken out of those rectangles followed by multiple successful retests.
Expecting something similar.
Add on dips.
The stock has formed medium term base around 700.
CMP: 833
Target: 893, 925, 950, 997
Cipla
CIPLAThe stock seems to be in love with box pattern.
Since the fall in March, the stock has made 3 rectangles and has broken out of those rectangles followed by multiple successful retests.
Expecting something similar.
Add on dips.
The stock has formed medium term base around 700.
CMP: 833
Target: 893, 925, 950, 997
Cipla | Bearish Harmonic pattern =====================================================
⭕ Day Trading opportunity ! 15 min Chart Alert !!! ⭕
--sell below 789.45= or CMP
--Target = 775
--Stop-loss = 794
--Lot Size = 1300
--R:R = 2.81
--Expected Profit = 16,900 ₹ per lot (1.74 % )
--Expected Holding = 1 day only
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⭕ Technical Reasons to trade OR Strategy applied :- ⭕
1) bearish harmonic pattern
2) rejection at top
3) Trade is confirmed with big bearish candle
4) we just need breakdown of support
5) cipla gap is expected to fill soon
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