CIPLA (1D TF) - Swing Trade Analysis given on 17th May, 2024
Pattern: FALLING WEDGE BREAKOUT (Double Bottom) - Trendline Resistance Breakout - Done ✓ - Volume Buildup at Resistance - Done ✓ - Demand Zone Retest & Consolidation - In Progress
* Disclaimer
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CIPLA Update (as on 24th May, 2024)
✓ 6% in 3 Trading Sessions
- Both Target Levels have been Achieved - The stock took support at the Trendline and on the reverse upwards was the correct entry - Strong Volume buildup - TSL is on