tarakeshnc

tarakeshnc

CIPLA consolidated for 4-5 months in a 120-140 range. Now making a attempt to BO. My analysis is that it could retest the VAH of the consolidation before going up further. Retest has to happen in few weeks while forming comparatively smaller candles.

tarakeshnc Updated 

Based on the Master candle which is guiding the range, and volume profile data and ATM premium, it makes a good candidate for straddle with upper side protection (as call premium is slightly high)