SirajHudda

Cipla - ABC Correction Completed - Buying Opportunity!

Long
NSE:CIPLA   CIPLA LTD
Cipla has potentially completed its ABC correction on long term charts and is not set to go higher from here... The correction completed with the channel and Wave A = Wave C and almost at 61.8% Fib levels giving every indication of a reversal from those zones.

One can go long in this stock now with the stoploss just below recent lows around 385 for Targets of 600 and higher.

Comments

Sir,any chance of it touching to 420 atleast once in this week? Thanks .
Reply