Hi Traders,
Cipla Moving in Upward channel in daily chart can go:
1) Long on breakout from Upward channel & imp resistance around 484 Level. (See chart)
2) Short on breakdown from Upward channel till target at imp support around 400 Level & moved back to downward channel. (See chart)
So Cipla at make or break level with moving in upward channel & imp resistance at around at 484 level (See chart)
What indicator are suggesting:
1) RSI moved above 50 (Bullish) & making higher bottom . (See chart)
2) MACD which is momentum plus trend indicator turn positive as signal line cross above zero & MACD line is above Signal line. (See chart)
Quarterly Result is there on 6 Nov , coming day will decide will direction it will go breakout or breakdown from Upward channel.
Happy Learning );
Disclaimer : This is post only for educational purpose . Do your analysis before taking position or trading.
Cipla Moving in Upward channel in daily chart can go:
1) Long on breakout from Upward channel & imp resistance around 484 Level. (See chart)
2) Short on breakdown from Upward channel till target at imp support around 400 Level & moved back to downward channel. (See chart)
So Cipla at make or break level with moving in upward channel & imp resistance at around at 484 level (See chart)
What indicator are suggesting:
1) RSI moved above 50 (Bullish) & making higher bottom . (See chart)
2) MACD which is momentum plus trend indicator turn positive as signal line cross above zero & MACD line is above Signal line. (See chart)
Quarterly Result is there on 6 Nov , coming day will decide will direction it will go breakout or breakdown from Upward channel.
Happy Learning );
Disclaimer : This is post only for educational purpose . Do your analysis before taking position or trading.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.