first few hour only SL compulsory
Cipla - Ascending Triangle break out - Channel Breakout - Bullish engulfing candle..
Buy--> 462.5 Dt: 11/18/19 SL--> 434.5 TP-->490.5 RRR-->1
Long @ CMP, SL and TGT on chart 1) Inverted H & S 2) Close above 100 EMA 3) Close above Ichimoku cloud.
Cipla chart shows Classic Inverse Head and shoulder pattern. IH&S often marks the bottom and shows trend reversal. Currently Right shoulder is being formed on the chart and neckline being 480. If 480 is broken and retested, Inverse head and shoulder target is 560 - 580 Pattern invalid of daily closes below 430.
CIPLA (Cipla Ltd) SELL BELOW 451
Hi Traders, Cipla Moving in Upward channel in daily chart can go: 1) Long on breakout from Upward channel & imp resistance around 484 Level. (See chart) 2) Short on breakdown from Upward channel till target at imp support around 400 Level & moved back to downward channel. (See chart) So Cipla at make or break level with moving in upward channel & imp...