Potential breakout in Cipla?
Let's understand.
Candle made yesterday followed by the candle made today indicates a lot of strength. Both the candles are big green candles backed up with big green volume bars. This gives me a hint that the resistance zone between 1520 and 1525 might be broken now and we might see a strong breakout.
Coming to my momentum indicator, RSI, it is moving in the buy zone now. We generally consider the zone between 40 and 60 as neutral and RSI is just breaching the 60 mark.
So, I will buy as and when I get a new buy signal in the hourly chart with SL below 1470 and targets above 1525.
Let's understand.
Candle made yesterday followed by the candle made today indicates a lot of strength. Both the candles are big green candles backed up with big green volume bars. This gives me a hint that the resistance zone between 1520 and 1525 might be broken now and we might see a strong breakout.
Coming to my momentum indicator, RSI, it is moving in the buy zone now. We generally consider the zone between 40 and 60 as neutral and RSI is just breaching the 60 mark.
So, I will buy as and when I get a new buy signal in the hourly chart with SL below 1470 and targets above 1525.
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免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。