CIPLA - Darvas Box Breakout in process - Intraday/Short Term
This analysis is purely based on price action and Chart Patterns.
Another Idea of DARVAS BOX breakout is linked in this idea itself. Beginners can check that out for further understanding.
The analysis is on 15min TF hence target can be achieved in intraday trade or in couple of days
Trade setup is explained in image itself. Traders can take entry either on pull-back after breakout or on breakout directly.
Targets and SL is shown in image by green & red lines respectively.
Don't chase the price.
Always plan your trade & trade your plan
Keep trailing SL accordingly once entered into the trade.
Trade at your own risk and money management. Do your own study before taking any trade
Feel free to comment for any queries & suggestion
Another Idea of DARVAS BOX breakout is linked in this idea itself. Beginners can check that out for further understanding.
The analysis is on 15min TF hence target can be achieved in intraday trade or in couple of days
Trade setup is explained in image itself. Traders can take entry either on pull-back after breakout or on breakout directly.
Targets and SL is shown in image by green & red lines respectively.
Don't chase the price.
Always plan your trade & trade your plan
Keep trailing SL accordingly once entered into the trade.
Trade at your own risk and money management. Do your own study before taking any trade
Feel free to comment for any queries & suggestion
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Penafian
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