CIPLA Intraday analysis for 2nd May
Day TF
Dowtrend with pullback
15 Min TF
Trend: Sideways after upside breakout
M Pattern formation at this level.
Price at support level and 200 EMA
Buy:
Risky trader: Buy at 1401 after rejecting from support level with 200 EMA support. Target and stoploss 7 Points only.
Because still trend in downwards
Safe Trade: After crossing Top 02 Resistance level for bigger profits. 14 Points
Sell:
Strong Sell Bearish candles for day closing indicating bearish continuation with high volumes.
Wait for M Patter breakout and enter for big profits below 1387. Target for 15 Points.
Get confirmation from any of the leading indicators before entering trade
Dowtrend with pullback
15 Min TF
Trend: Sideways after upside breakout
M Pattern formation at this level.
Price at support level and 200 EMA
Buy:
Risky trader: Buy at 1401 after rejecting from support level with 200 EMA support. Target and stoploss 7 Points only.
Because still trend in downwards
Safe Trade: After crossing Top 02 Resistance level for bigger profits. 14 Points
Sell:
Strong Sell Bearish candles for day closing indicating bearish continuation with high volumes.
Wait for M Patter breakout and enter for big profits below 1387. Target for 15 Points.
Get confirmation from any of the leading indicators before entering trade
Dagangan ditutup: sasaran tercapai:
Target Achieved for both Risky and safe traders. Still there is lot of bullish signs to move further above 1425