IbankerSid

Cipla - Harmonic Short

Short
IbankerSid Mis à jour   
NSE:CIPLA   CIPLA LTD
Cipla has an impending short long looming over it. It has had a good strong upside run in the past month

Seeing a PRZ at 726.55 as per harmonics. Do have a look at the price action around these levels to see weakness. SL around 732/733 levels. So, I would take a minimum 1:1 R:R or better (per your appetite)

If doesn't show weakness there, next levels to see are 732/740 to search for a weakness

#Disclaimer: Consult your financial advisor. This is for educational purposes only. Trail diligently
Happy trading everyone!
Trade fermée: cible de profit atteinte:
Bang bang! Shorted fut twice today. First from 726 to 708 (made a low of 701)
Then reversed all the way up again and fell from the same PRZ of 726.55 again. Shorted again till 714. Made a low of 710 about.

That's 40 points in a day. Hope you all enjoyed this.
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.