CIPLA trade ideas
CIPLA - RSI Bearish divergenceNote: This is for educational purpose only.
There seems to be a bearish RSI divergence pattern in CIPLA in daily charts.
CIPLA - DAILY CHART VIEW!#CIPLA
Cipla gave a breakout.
Volume was high and it closed near to the prior swing high 815.
The stock will remain bullish as long as it will stay above 784.
Sustaining above 815, it may move towards fibonacci extensions 880-925 or even higher.
Keep A Watch!!
Super Bullish - Closed just below ATH !!Price after breaking the triangle pattern reached the target and on the last trading session it just closed below the All time high levels, as the price is looking super bullish there is a big opportunity for a short time hike as seen in other pharma stocks.
If trades above ATH then go for scalping trade or go with tight stoploss. . .
Price is looking super bullish and because of this the Double top option is fading away !!!
CIPLACIPLA:- price build up for breakout buy on dip 700/720 for 780₹ with sl 670₹ clbs
#Disclaimer:-I just shared view for only educational purpose.
