Buy Cipla if it gives a Fake Breakout
Cipla was in a good sideways range and the broke above with momentum. Price then retraced towards the breakout area in a good consolidation and now broke below the consolidation. There is a good opportunity of a bullish trade if price gets back into the above consolidation, thus forming a fake break out.
I would suggest to enter only if 1 Day candle closes inside the prior consolidation (above 1016).
I would suggest to enter only if 1 Day candle closes inside the prior consolidation (above 1016).
Aviso legal
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