CIPLA According to chart structure the trend is negative. Today we have an inverted Hammer type candle, the price is rejected from the resistance zone. Personally I am waiting for a short trade the reason is that on the bigger time frames a correction is pending.
CIPLA Today the price broke the level of 1200 with a strong momentum. If the price sustains above the level of 1200 then it could test the levels of 1578, which is a swing of about 7%.
CIPLA The price is trading below the long-term group of ema's also we have a bearish cross of ema bands. The degree and nature of separation of both bands indicates price consolidation on these levels. So, we use Darvas Box to trade the instrument.