if cipla comes in the demand zone its very good opportunity to go long. this is very good demand zone on basis of option chain & put call ratio is very high.
if you want zones of your stock please comment.
CIPLA is in multiple consolidation zone from monthly/weekly and now the stock is also in daily consolidation zone and above 902 level then target 915 is achievable.
Keep ! What do you want ed traders?
Profits!
That's only
940 fib ret and resistance now support
940-946 sup to demand
Goodluck
This is reference only
Pharma sector will be new high!
1. Cipla is in long unwinding zone for last 4 week &
trading inside the channel
2. Above 50 EMA
3. Tested the support and bounced
4. Pharma Index also formed same pattern
5. Buy only If close above 920 & Expect 10% return
6. If closes below 50 EMA then expect 10% Correction
NSE:CIPLA
#CIPLA Trading above the resistance level and post sustainability confirmation one may try 900 CE
All the levels marked on chart, Swing reversal levels also mentioned for safety.
Happy Trading !!
Go long
Target 1) 947.10
Target 2) 968.28
Target 3) 978.78
When you see Cipla in 5year time frame you can see something interesting, Pharma and chemical stocks are in a bearish mood and they have fallen from their 52 week high dramatically, When you see Cipla in 5year time frame you can notice that its on the support level.
