Cipla
CIPLA is ready for a giant leap.After three years of consolidation Cipla has broken out of a cup and handle pattern. Sustaining the previous breakout it has also broken out of flag pattern on daily chart. My view is Cipla can be bought at CMP with a SL of 637 (daily closing basis) for a short term target of 720 . Long-Term targets are 800/840. Risk to Reward of 1:6
Cipla Short...CIPLA break the trend keep watch that finds the confirmation candle then enter your trade
Disclaimer:
The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade.
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My PredictiveEngine's Intraday call(16-May-18)-CIPLA-ShortBased on my PredictiveSystem's signals, its going to be a RED candle on 16-May-2018 for CIPLA
Sell Below: 574.4 for targets -
T1: 570.1
T2: 567.5
T3: 564.8
SL: 579
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)