Cipla Daily Chart is interesting. Can you Analyze and predict what may happen?
Clue lies on the left of the chart. Look at the Left. Previous setup gives an indication of what is going to happen however that does not mean that what has happened in past will repeat again. I want you guys to analyze and predict. This will enhance your skills and will give you confidence. Don't worry about right or wrong just analyze. For broder view refer to monthy and weekly charts as well
I have an idea of what is going to happen however if I disclose that then there will be no point in carring out this activity. I will definately let you know my views after few days.
Common guys, lets break this setup and see what is the out come. Pro Traders comments will really help newbies. I request pro traders to give your veiws.
FYI,
Orange lines are Monthly Support and Resistance (S/R) Lines
Blue lines are Weekly S/R. lines
Green Lines are Daily S/R Lines
Please feel free to ask questions and request you to click on like if you feel this activity will you or other traders.