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
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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