Cipla is resuming the uptrend.
Stop 153 Tgt: 170
Marked by Flag.
Target the green line. Stop above the red line.
In last few years whenever ITC do not cross the resistance level it starts intermediate downtrend to test lower levels.
Riak Reward Ratio.
Trading Opportunity
Risk Reward Ratio is attractive now.
No directional bias.
It starts intermediate downtrend.
See the divergence in the graph.
Up Arrow = 52 week high Down Arrow = 52 week low
Its important situation.
Expecting Big Moves. No Directional Bias.
Its on the verge of starting downtrend.
So far no buying signal.
Stop 420.
Trend down.