On 1 hr time frame
1. Broken 200 EMA on 18th Feb.
2. Price is getting rejected at 200 EMA (marked by blue circles).
3. Currently Cipla is range bound (marked). Any break on lower side will confirm the previous break of 200 EMA and will continue to fall.
This is just for an educational purpose.
1. Broken 200 EMA on 18th Feb.
2. Price is getting rejected at 200 EMA (marked by blue circles).
3. Currently Cipla is range bound (marked). Any break on lower side will confirm the previous break of 200 EMA and will continue to fall.
This is just for an educational purpose.