NeeteshJain

CIPLA - Breaking out of FLAG PATTERN (T1 570, T2 600)

Long
NSE:CIPLA   CIPLA LTD
After long continuation downtrend, yesterday the price action breaks through the downward trend line with hugh volume and also at the same time breaks out from a short Flag pattern . It signals a strong trend change and a bullishness in price action. The price action shall move towards the previous support at 570 levels and another strong support at psychological levels of 600.

Good time to enter in long swing trades with stop loss of 520
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