CIPLA Consolidating
Updated
CIPLA has been trading in a zone for the past 42 days.
This might continue for some more days,but a big move is expected whenever is breakouts or breakdowns from this zone.
Will trade with 1:3 RR
CIPLA
More chances of breakout are there as CNX Pharma is bullish and it might reach 10k levels soon.
Keep a look out on pharma stocks especially :
1) Alembic Pharma
2) Torrent Pharma
3) Aarti Drugs
This might continue for some more days,but a big move is expected whenever is breakouts or breakdowns from this zone.
Will trade with 1:3 RR
CIPLAMore chances of breakout are there as CNX Pharma is bullish and it might reach 10k levels soon.
Keep a look out on pharma stocks especially :
1) Alembic Pharma
2) Torrent Pharma
3) Aarti Drugs
Trade active
CIPLA gave a good breakout today. It gained 3.69% today.
Will enter trade on confirmation of price action above 640 level.
Note
Hasn't given a good close above 640 yet and doesn't seem like a good trade anymore.Will update if there is any trade initiatedNote
Price action confirmation above 640 done. Trade is activeNote
Around 5%+ upmove in our favor till now
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