CIPLA LTDLong
Reverse head and shoulder on CIPLA
CIPLA formed a reverse head and shoulder pattern on a daily chart. One can have stop loss just below previous swing low with target the height of the head. Entry can be held just above todays high provided the same bullishness prevails. This trade offers ideal risk reward of more than 1:2.
Hope you like this idea, if so please boost this idea or leave a comment below on what you think. Otherwise happy trading :-).
Hope you like this idea, if so please boost this idea or leave a comment below on what you think. Otherwise happy trading :-).
"It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong." — George Soros
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
"It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong." — George Soros
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.