CIPLA LTDLong
Cipla - Buy only If close above 920
Updated
1. Cipla is in long unwinding zone for last 4 week &
trading inside the channel
2. Above 50 EMA
3. Tested the support and bounced
4. Pharma Index also formed same pattern
5. Buy only If close above 920 & Expect 10% return
6. If closes below 50 EMA then expect 10% Correction
trading inside the channel
2. Above 50 EMA
3. Tested the support and bounced
4. Pharma Index also formed same pattern
5. Buy only If close above 920 & Expect 10% return
6. If closes below 50 EMA then expect 10% Correction
Order cancelled
1.Entry missed now on bearish.2.Double top pattern formed. weekly closed near neckline
3.Channel downside breakout
4. If close below 890 on daily may expect 8 % fall
5. Nifty pharma index also the same pattern and already neckline broken
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.