johntradingwick

CIPLA- Coming out of consolidation soon?

Long
NSE:CIPLA   CIPLA LTD
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

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