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.
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
Trade active
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CIPLA gave a good breakout today. It gained 3.69% today. Will enter trade on confirmation of price action above 640 level.
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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 initiated
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Price action confirmation above 640 done. Trade is active