CIipla Bearish Below 503, Stop Loss – 537, Target – 469

[Soundharya Gnana]

In the above stock, we can see a steep negative pole with a rectangular flag formation, and also a high volume at the breakout.

So, short position can be considered at the breakout (503).

Target – 469

Stop Loss – 537

Entry – 503

Risk – 34

Trade Plan- CIPLA / SHORT / ENTRY – 503 / STOP LOSS – 537 /TARGET – 469 /

 

 

 

 

 

 

 

[Soundharya Gnana]

Please comment whether it is right

[Jayashree]

Hi

The flag pattern is usually formed within a short period(10 to 15 days). The sideways movement should not have many ups and downs. I think that in this analysis the sideways movement is slightly upward.

[Soundharya Gnana]

Oh okay. Thank you.

[Author]

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