The trend of cipla remains strong suggesting to buy for target of 610 in upcoming days. Adding range is suggested and also targets and levels are provided for investment purpose.
Thanks Happy Trading.
Bear Structure Broken but not Sustain yet. Buy Above 559 with CBSL 460 with Initial Target 603, Will Book 70% at Target and rest till structure becomes bearish
Greetings,
With no major announcements on the cards in near future, this is a pure technical play with no event driven price action. Accumulation has been going on in Cipla for a long time now, and finally today it showed strength even as the price pushed upward of ₹550 and soon the intraday action was captured by HFT players which is why the ₹3 down...
Sell Cipla on rise with a SL of 544 and targets of 529.3/ 527.1. Adjust your trading volumes as per the entry price.
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In the medium term, I feel Cipla looks weak and can be shorted with a small stoploss! A trade with a good risk:reward ratio! See the video to know more!
Cipla has started recovering from its bottom soon it may give a huge rally, it has broken range upside so its a buy with target of 580-600-640 and sl of 529 at cmp 546 NSE:CIPLA
Stock trading in an up-sloping channel from past 6 months.
Currently halting at channel support
Formed long bearish candle with huge volume at channel support , signalling bear's exhaustion.
And is followed by a spinning candle with good volume.
There is a Fibonacci cluster near 512-510 levels.
RSI is turning flat.
Stock can bounce -back from these...
