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NSE CIPLA UPDATE: Bearish Scenario Activated!

free nse cipla chart calls
free nse cipla chart calls
Figure 1. NSE CIPLA – Wave Projection

In the previous article, we mentioned that the price was trading in a corrective formation, and traders could expect a downward move to the given Fibonacci levels after a breakdown of 1463, as this would activate a bearish scenario.

At this point, the price has entered the first Fibonacci support level, 38.2%, at 1377. Breakdown of this would lead to 1335 – 1277. Again, Price must reverse from these levels to validate the next impulsive unfolding.

Visit Here: NSE CIPLA Looks Strong for 2000+, but Patience Is Needed

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1 Comment

  1. I bought at all time high but with just fundamentals. I am in huge loss. please give me some export advice.

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