Buy entry in #Cipla @BO
1. 850 zone was tested several times and acted as a strong support.
2. From 24th Jan bull run/extended move was seen. Correction was yet to be come after such move.
3. It was into consolidation (correction in time) from last 4 days i.e. from 1st Feb.
4. Also bottoming tail bar, shakeout bar, no range body bar is seen in consolidation , tug of war is fought between bulls and bears.
5. Entry will be above 959 & stoploss will be below the bottoming tail i.e. @938
6. 995-1005 will be the profit booking zone.
2. From 24th Jan bull run/extended move was seen. Correction was yet to be come after such move.
3. It was into consolidation (correction in time) from last 4 days i.e. from 1st Feb.
4. Also bottoming tail bar, shakeout bar, no range body bar is seen in consolidation , tug of war is fought between bulls and bears.
5. Entry will be above 959 & stoploss will be below the bottoming tail i.e. @938
6. 995-1005 will be the profit booking zone.
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