CIPLA: Analysis
Updated
Yesterday cipla broke out from its range today it retested and started moving as expected.
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Reason to Buy :
1) Broke out from triangle pattern with good volume.
2) Good price action in one hour time frame(Triangle breakout as well).
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Stop-loss must be kept at previous immediate swing. RR ratio must be calculated before taking the trade.
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Reason to Buy :
1) Broke out from triangle pattern with good volume.
2) Good price action in one hour time frame(Triangle breakout as well).
.
Stop-loss must be kept at previous immediate swing. RR ratio must be calculated before taking the trade.
Trade active
Good Profit in ProgressNote
Might come for gap filling in upcoming days.Trade active
Profit in progressTrade active
Still Holding on to this trade.Trade closed manually
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