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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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.
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.