Cipla
CIPLA bearish trendlineTrendline and the specially designed volume action analysis suggest a Bearish run on the CIPLA.
The background with light green color are indication for bulls taking the position and the Light red background suggest Bears are dominating in the region.
This is my NEXT week analysis on CIPLA two resistance line are there with good volume supporting the bearish view.
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CIPLA - Long TradeCIPLA -
1. Surfacing above the cloud.
2. Chikou, the lagging span about to get free
3. RSI support @ 40-45 levels
4. Stock about to move in blue sky zone
Buy with stop loss of lower cloud boundary @ 730
Target of 900 in next 5-6 months.
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