Daily price action has formed bearish candle and also close below previous session's low which remains a negative bias.
Cipla has formed double top structure in daily chart pattern
Now RSI has crossed below 60 level which is bearish also create negative RSi divergence .
Below 953 Cipla can fall up to 920 and 900 level.
stop loss 972
target1: 920 target2:900.
Cipla has formed double top structure in daily chart pattern
Now RSI has crossed below 60 level which is bearish also create negative RSi divergence .
Below 953 Cipla can fall up to 920 and 900 level.
stop loss 972
target1: 920 target2:900.
9 POINT DONE