Potential Shorting Opportunity in CIPLA

There is a potential short opportunity in Cipla, below are the reasons,
1. In 4 hours time frame CIPLA price got rejected at a Resistance
2. Resistance line coincide with Fib 0.5 retracement level
3. Minimum 1:15 R:R

in.tradingview.com/chart/mV4YyWZc/

Commento:

R:R 1 : 1.5