VigneshIyer

Cipla could make another run for the top

Long
NSE:CIPLA   CIPLA LTD
After giving a good breakout last week the stock has gone into consolidation and might see another day of consolidation tomorrow with 2 lines marked being immediate and small term resistance on 15 mins chart. Once 2 back to back green candles are attained above 692 levels plus 1 hr candle we might see a new move towards life time high. The black line below the price is the support which if broken could see longer time pain.
Trade active: Disclaimer : The analysis is an opinion of mine for the aforementioned scrip. One may consult or do own research before taking a position in the stock.
Trade active: Trade is active and took out multiple resistance in smaller time frames. Keep sl at 674 to save profits depending on entry levels
Trade closed manually: All target done like a machine
Trade closed: target reached