CIPLA LTDLong
CIPLA ( RESISTANCE BECAME SUPPORT)
Updated
Cipla taking support near all time high. Now resistance became support at all time high.
psychology behind buying here is this - people who left for buying near all time high they will buy. and week hand out because of there depleting profit as stock coming near their buying level.
Fresh buying will take price higher.
Always keep sl in system not in mind. This is the only grail in the market
psychology behind buying here is this - people who left for buying near all time high they will buy. and week hand out because of there depleting profit as stock coming near their buying level.
Fresh buying will take price higher.
Always keep sl in system not in mind. This is the only grail in the market
Note
BOOMNote
showing strength in this negative marketAt all time high resistance most of time works well.
see the example of tata motors.
Note
This fall will be chance to enter in stock market with fundamentally strong stock.
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