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Ciplatimestudy

CIPLA Time study - Educational Series 6Hi 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 Bars After which another leg down in 40 Bars so 40 Bars up time got corrected in 64 bars time pls note 40x1.61 approx 64 bars 2) Rally from May 2016 - 16 Bars above rally may give double top again (my assumption) in 24 Bars i.e next week After which another leg down again (my assumption) in 16 bars i.e till june 2017 last week or july 2017 first week So 16 Bar upmove will get corrected in 40 Bar down move i.e 16x2.61 approx 40/41 bars time I have put in Potential reversal zone - PRZ accordingly Disclaimer : I have heavy biased view about top in next 2 week,followed by correction of 12 -14 weeks , my views can be wrong , Please consult your financial adviser before investing.
NSE:CIPLA
by neneram
6