Cipla
Long in CIPLACIPLA which was travelling within a parallel channel had just broken out and closed higher for the day. Going long from here, one can hold for the target of 940 ranges. If anyone missed this break out, not to bother - can wait for a retest & reversal around 850 to 845 ranges and enter there. SL for this breakout shall be below 834
CIPLA - Near Ascending parallel channel resistance zone R3CIPLA is approaching Ascending parallel channel resistance zone R3 at monthly Time Frame
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Disclaimer : All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Head and Shoulder Pattern in CIPLA for target of 802-After continues uptrend in CIPLA in today's session its breakout the head and shoulder pattern neckline. Also, It's trading below 200 DEMA in the 15-minute timeframe. Its indicates trend reversal up to projected minimum downside target 802. Possible this target achieve in today or tomorrow session.
Possible Trade:
Sell CIPLA below 820
Stop-loss - 824.50
Target 810 802-
Cipla - Long Term Investment PickBalkrishna Industries & Cipla in my long term holding list.
For Positional Traders Cipla Buy At Cmp 770 Strict SL - 670 (Day Closing Basis) Target - 1050/1100/1150
And in posted chart this is short term swing trade - Buy cipla at cmp 770 with SL of 729 Target - 840/855/870