Cipla - Short term pull back expected

٢٣ ديسمبر ٢٠٢٠

Cipla is showing negative divergences on a 15 minutes time frame.

Ideally, when price makes a new high and RSI fails to make a new high, it gives a good signal for a short term pullback.

However, pharma is in a strong bull rally, so entry and exit should be real quick.

Target 1 - 810
target 2 - 795