CIPLA Possibility of Double BOTTOM & Formation of "W" Pattern

4 May 2017

Detailed Analysis plotted in Chart.
Combination of HARMONIC & Fib Retracement.
Take Support from @ 548+ Level
in WAVE - 3 Count it is GOLDEN RATIO of Fib Retracement i.e 1.618 Level.

TGT: Watch Fib Levels mentioned in the Chart.

13 May 2017

Not

Crossed 564.80 (High of 27-04-2017) with increasing Vol.
Teat above mentioned point as Neck Level of Pattern "W".
Pattern will be completed above @ 576.
MACD turns to POSITIVE.
NEXT Swing TGTs: @ 574, @ 581, @ 587
Positional TGTs: 594, @ 604, @ 620 - @ 628 (Hurdle Zone),
Short Term: @ 640, @ 663, @ 700+