CIPLA- Coming out of consolidation soon?

CIPLA has been consolidating for 2 weeks now. If you see the daily chart , the range is becoming tighter each day. The RSI has become almost flat and has been constantly taking support from the 50 level. It may breakout of the consolidation soon. Keep it on the watchlist.

Line chart for better visualization:

Disclaimer: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.

Rajat Kumar Singh,
B.Tech. (Delhi Technological University)
Community Manager (India), TradingView

✅ FREE Telegram Channel 👉
✅ Trading Blog 👉

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.