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Cipla Short wait for breakout
Cipla Day Chart, wait for break out....short...
In the medium term, I feel Cipla looks weak and can be shorted with a small stoploss! A trade with a good risk:reward ratio! See the video to know more!
The weakniess ( on bear side ) is a good hint that the stock has bottomed out for the time being .
5th is our breakout lets see what it does
refer chart for details
500-505 IS STRONG SUPPORT ZONE,WITNESSING RANGE SHIFT ON RSI, PROBABLY HEADING TOWARDS RESISTANCE (550-560),ONE CAN GO LONG FOR TARGET OF 550/560.
Chalo neeche. Ho gya tumhara!
at make or break level
510 imp level to watch on weekly closing basis
BUY @ 546/- SL CLOSING BELOW 510/-
TARGET 576, 595, 615/-.
BTST IN CIPLA
Cipla has started recovering from its bottom soon it may give a huge rally, it has broken range upside so its a buy with target of 580-600-640 and sl of 529 at cmp 546NSE:CIPLA
GOOD TIME TO BUY CIPLA FOR A SMALL TERM POSTIONAL TRADE.
I WOULD RECOMMEND TRAILING STOPLOSS AS IT MAKES ITS BULLISH MOVE.
ALL THE BEST
Levels are marked in the chart.