Cipla Ltd. (CIPL) @breakout level
Strong breakout with volume break out and momentum created in day chart.
breakout for long. so strong upside are coming.
BUY above 1052
NEXT TARGET 1067.40,1092.40,1110.3
Time to go for long, get ready to catch the profit. Thank you.
Cipla is sitting @978.40.
I will be bullish once Resistance was taken out.
If 980.35 was taken out then definetely will coming target soon.
Target 1: 1001.40
Target 2: 1019.65
Target 3: 1036.50
Cipla after breakout is consolidating in a narrow range.
The stock looks bullish to me but can break down due to the volatility in the market.
Support :- 1036, 1008
Resistance :- 1080.
The stock can form a double top pattern or might touch new ATH.
