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IIT-Trader
Nov 28, 2023 3:40 AM

CIPLA--Head and shoulders Pattern?? 

CIPLA LTDNSE

Description

A strong Bearish pressure is observed in this stock recently.
On bottom side we have a bullish gap left below at 1060 zone.
A left shoulder is formed at 1230 zone.
we have a chance of right shoulder formation, if a rise is from 1135 at neckline...
then we have a chance of break below the neckline to reach, the bullish gap. wait for the price to break the neckline and retest then will go for complete short side.
Keep in short side in this stock.
Comments
Laxmi_Prasant_Trading
not looking like the H&S pattern..
IIT-Trader
what do you think about this idea??
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