Wednesday, November 5, 2014



CIPLA looks completed its wave moment. Below are the EW counts for Cipla. Stock also shows -ve divergence on RSI and MACD on Daily charts.One can short the stock at CMP for positional targets of 617 & 570.

Chart posted with labels and divergence. Don't hesitate to short the stock. F&O traders can buy 620 PE and hold with convection in November Series.

Note stock also gave reversal sign with Insider bar formation on candlestick charts.

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