Cipla - Long Position (Investment Idea)

49 0

Investment Idea for patient Long Term investors with investment duration in years.

1. Long Term moving average on the weekly chart is trending up.
2. Current trading price is above the moving average.
3. Price crossed above the Fib ext. level
4. Price based Resistances(Red) and Support(Green) levels marked on chart.
5. Fib Ext levels to be used as price targets.
6. Weekly close above 625 levels (and absence of any reversal candle pattern) will act as a confirmation of upside potential and Long bias.
7. Price move (weekly close) below the Fib support / correction low near 450 levels will negate the Long position and uptrend.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out