sell cipla

on daily charts cipla is forming ascending triangle and currently the market price is at major resistance level which is in confluence with the base of triangle yesterday 2-5-18 it formed shooting star indicating a trend reversal and today (3-5-18 ) it is forming an engulfing pattern indicating a strong trend reversal RSI has touched oversold levels and returning back , we can expect short downtrend we can go for selling ( if u find this idea useful, irrelevant, wrong please post your ideas and views your opinion are always welcome )