Cipla @ channel support
Stock trading in an up-sloping channel from past 6 months.
Currently halting at channel support
Formed long bearish candle with huge volume at channel support , signalling bear's exhaustion.
And is followed by a spinning candle with good volume.
There is a Fibonacci cluster near 512-510 levels.
RSI is turning flat.
Stock can bounce -back from these level.
Pay-attention to price action.
Currently halting at channel support
Formed long bearish candle with huge volume at channel support , signalling bear's exhaustion.
And is followed by a spinning candle with good volume.
There is a Fibonacci cluster near 512-510 levels.
RSI is turning flat.
Stock can bounce -back from these level.
Pay-attention to price action.
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