VigneshIyer

A good stock from the pharma sector

Long
NSE:CIPLA   CIPLA LTD
After the initial euphoria surrounding the remdesivir medicine, it seems the stock has consolidated well and is moving in range for some time now with lack of volume being observed. The stock is now close to giving a breakout anyday and with another 4 days of trading left this week lets hope for the best we get to see it this week. The charts are clearly marked for the breakout and initial achievable targets as well supported with volume . The setup would be irrelevant if stock breaks 628 on closing basis.
Trade closed: target reached: After a month long consolidation except for a failed break on one day, the stock gave some massive return over and above target marked by me.

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