Cipla - Buy only If close above 920

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

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