CIPLA WEEKLY Waves analysis Series #01

Cipla weekly looks in a Triangle correction. prefered counts is Wave(4) and alt count is (X)
so cipla is going to get choppy for sometime.

I feel its better to avoid long term longs in this counter

Long term positional short SL 645
CMP 592
TGT 537.5/430

Remember D leg comes around 537.5 after which E leg pullback towards the barrier is expected.

Trade at your own risk and I have all rights to go wrong.