CADILA - towards 315- 300
Stock has been trading in a descending triangle range and range is broken on the downside and stock is probably heading towards 315 and 300 levels
The only missing part here is a rising volume, but not of a great worry as stock can still fall without much volume and risk reward ratio is also in favor of the trade.
I already timed the trade using 15 min chart.
My stop loss was at 332 and now moved to 329.
Initial target is 320 and then 315 and if stock reaches 315 and still showing signs of weakness, trade can be pyramid there.
Do not Follow Blindly, do your own research please.
The only missing part here is a rising volume, but not of a great worry as stock can still fall without much volume and risk reward ratio is also in favor of the trade.
I already timed the trade using 15 min chart.
My stop loss was at 332 and now moved to 329.
Initial target is 320 and then 315 and if stock reaches 315 and still showing signs of weakness, trade can be pyramid there.
Do not Follow Blindly, do your own research please.
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