Intradaystock
CIPLA "W" Pattern Downfall TGT @925/920The chart, clearly shows Cipla forms an uneven "W" pattern and faces resistance on a higher level. So we can Keep an Eye for Selling.
Best Setup to Trade.
At the opening of the market right at 9:15, if CIPLA opens with the price of ( 934 - 930 ) we can place a trade on breaking of the previous day Low( 930).
Once it breaks we can put up a target of quick 4-5 points based on your Risk-Reward ratio.
With this setup you can achieve the target very quick as 9:15 we get very high momentum moves / volatile.
** IGNORE if Gaps up / Gaps down too much below the mention selling level.
This is my Everyday Quick Setup I shared with a small analysis, you can make your own setup and trade.
Glenmark Pharmaceuticals chart analysisGlenmark Pharmaceuticals chart analysis for intraday and swing trading
