Note: This is for educational purpose only.
There seems to be a pullback post breakout in CIPLA. Pullback was on back of lower volumes which indicates lower selling pressure. RSI above 60 indicates bullish momentum.
TREND ANALYSIS & TRADE SETUP
Wave Analysis !!
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
Wait for entry setup, if available then Long/short.
R:R is 6-8 times.