CIPLA at crucial level : trading at its swing high (814-815)Cipla was able to gain its 10 Aug 20 level in previous day session when nifty pharma was up by 2.5% . There still some space is left for pharma sector to cover on upper side. Considering this probability lets understand the cipla's possible moves.
1. Cipla is looking very good at this time and today if 815-820 hold we can see a rally towards 880, SL to be maintained 800
2. If it resisted again at this level (815) and forms a bearish candle, first down move can be seen till 785.
