🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have...
The stock was consolidating in a flag pattern after a good rally and broke out of its resistance trendline. However, due to broader market sell-off, the stock declined to lower levels and seems to have found support at the 50 DMA levels. The stock can be bought at current levels with an SL below 168.
Always keep a tab on broader market conditions while trading....
CIPLA is in the breakout of the flag pattern.
Disclaimer: This idea only for educational purposes and not for investment. Do your own research analysis before investing in the stock market.
