CIPLA, Strong Rally/Reversal – 15 mins chart!CIPLA after giving a strong upward nosedived to close at 755 ! It reversed from day’s high of Rs. 774.65 which was exactly its near term resistance level.
It gave Rs.10 from the closing low of selling divergence (blue) candle.
Indicator used TE REKAB, it captures reversals in the market.
This is my personal study & idea. Please take advice from your financial advisor before taking any investing decision based on above chart.
Happy Investing !
PS: If you appreciate my study, pls leave a like. My funda is to keep trading simple & stick to your conviction, once you are on the right side of an intra-day trade !!
