this_is_shoaib

CIPLA ready for RALLY?

Long
NSE:CIPLA   CIPLA LTD
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Hello traders, the last trades are performing well Jswsteel made a high of 692 after the breakout but the targets are bigger and we are waiting for naukri to confirm support from trendline.
Now Cipla is following its channel type formation and took the resistance and came back down now it's again at the levels from where it's gave a rally for the upper resistance 4 times.
It's proven to be a good demand zone and I am expecting a good rally again from this spot.
According to price action the buying levels are.
Buy - Near 900-905
Targets mentioned above in the chart.
Trade closed: stop reached: SL hit. Booked
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