IOCPL , showing uptrend and can long it
IOCPL is fundamentally strong stock, taking about ration ROE% = 56 and R/E is 15
Can long this
1. Buy above 200EMA
2. Buy at previous higher low candle or at lower trend line
Also examine the stock your self before investing
Leave comments for suggessions
Stock has broken the Trendline mentioned in chart and has been generating very high volumes in recent weeks. Looks good for more upside above resistance zone.
If breaks 695 convincingly then 750-800 levels can be seen soon.
P.S. Safe traders can wait for a pullback after break out !!
NSE:CIPLA has shown the bullish trend, with key target levels mentioned in the chart above.
Disclaimer:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This...
Cipla is currently on a 20 year resistance level and being tested since 7 days with bear-bull combination.
Today's movement it finally gets 20-50 DEMA crossover.
Based on tomorrow's opening, with a pivot at 890.
Above 910 targets can be respectively 920/930 and above 955 can be a big move.
Below the buyers zone where the stock has been tested multiple times...
Stock has history of moving in Flag and Pole Pattern.
Looks like Pole has been created on weekly Chart, Pole can become bigger if 168.8 cross this week else Stock can go sideways.
140 can become good accumulation zone with Stop loss of 120.2
Targets: 2.618 Fibo ie 204 and 3.618 Fibo 243
Duration : 1-2 Years
Fundamentally 230 looks Fair Valuation in fact if...
After a long consolidation, stock has successfully broken the resistance with big volume. One should look for buying opportunity near the neckline which should act as a support and look for the upside targets.
Investment strategy:
Buy cmp , add on dips near the neckline , maintain the SL of 1050 and look for the target of 1340 (measured tgt for cup & handle) ...
AFTER A JUMP OF 400% THIS STOCK IS GOING TO BE RANGE-BOUND FOR SOME TIME.
300-310 IS THE SUPPORT FOR THE SHORT TERM.
THE STOCK SHOULD TOUCH 460-480 LEVELS TILL THE TIME HOLDING ABOVE 300 LEVELS
THANKS
Lincoln Pharmaceuticals at fingertips
buy half @290-300 level
then wait for a pulback🙏
sl below 240
trgt 330-350-380
(note: targt is not based on support and resistance)
reasons for this buy
🔹chart looks good.feels that it ready for all time high.but note guys the stock may retest it's support level ,keep it in mind before taking an entry.
🔹Company is...
