kiranpatilblt114

Cipla Intraday for 03.05.2024

NSE:CIPLA   CIPLA LTD
15 Min TF
Trend: Sideways after upside breakout and again triple bottom and double top breakout.
Price is under consolidation which is very good sign for further movement
Many rejection candles founds in last hour which is sign of further movement upside
Price has strongly bounced from 200 EMA
Multiple rejection from breakout FVG
Bullish is trying to form. Good sign of bullish



Buy:
Risky trader: Buy at 1426. Target around 10 Points(0.7%)

Sell:
Sell below 1410. It should cross 50 EMA for entry. Target near to 200 EMA


Get confirmation from any of the leading indicators before entering trade
Kindy comment below in case of any clarification required. Please follow for more ideas
Trade active:
Trade is active. Partial profits has been given. Still trade can be hold for reaching the same target
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