Price went down even after a gap up today. (as opposed to what was expected)
But the price has respected the previous resistance line and the 20 ema.
In addition, lower lows has formed in chart BUT higher lows has formed in macd - signs of a weaking downtrend.
BUY it if you haven't already
Buy above 271
Target: 281, 291.
SL: 260 close base.
Risk is yours and Reward is too yours.
If it will be sustained above 290 for 1 week.
I can say Cadila Healthcare will be 350+ candidate ....
Because there may be Golden cross over in Daily chart and this is my imagination ....
Golden Cross Over is Long term bullish sign.
Educational Purpose Only.