Niftydirection

Cipla Cup and Handle breakout

Long
NSE:CIPLA   CIPLA LTD
Cipla cup and handle breakout. Add on dips 710-702 SL 680. Conservative target 745-53 (handle height). Aggressive target 800 (cup height).
Rsi negative Divergence so aggressive target is tough to reach. Result on 7th Aug.
Trade closed: target reached: Cipla high 806 at the time of writing.

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