Price made raising wedge pattern which ends at the previous high to make a double top. Expecting the price to fall as per the pattern, if breaks the previous high then it is good for long.
Cipla has managed to close above a short term resistance and a long term resistance in the last 5 trading sessions. This is indicating a heavily bullish sign on Cipla. Cipla will close above 1000 in the next few trading session if the trend continues.
Sl and Targets are mentioned on the charts.
Sector is in flavor. Glenmark's charts looks good for a mid-term Trade...with volume confirmation.
Keep Qty medium, SL on WCB. Buy and hold.
Disclaimer: I am not SEBI CERTIFIED yet, I just share my views on possible setups and I usually also trade the setups I share here.
Last Trade Idea shared on TRADINGVIEW, ...
Note:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
NSE:CIPLA
as of now it has taken support. one can go long as per their trade setup, it might come again to same reversal zone and then if find reversal again one can go long from there as per their trade setup.
******whatever charts or levels sharing here are just for educational purpose only not a...
CIPLA is currently trading in a channel pattern. It may show some upside move as it is trading near its support zone.
(for educational purpose only, do not invest without your own research)
