Adani Ports Stoploss 280 /Target 268
Currently Rangebound Unable to break Resistance at 18120
Seems Bullish For now As Previous High Not Broken
One of Stock which will have least impact due to demonitization ,Pharma products allowed to sell with old currency notes , USFDA approval , Good Quater results, 356 medicine bans lifted by court in which Cipla has majority of medicines. Currently Trading at 78% retracement level in hourly charts giving reversals/ Already crossed 23% retracement on 8th Dec...
One of Stock which will have least impact due to demonitization ,Pharma products allowed to sell with old currency notes , USFDA approval , Good Quater results, 356 medicine bans lifted by court in which Cipla has majority of medicines. Currently Trading at 78% retracement level in hourly charts giving reversals/ Already crossed 23% retracement on 8th Dec...
MACD on 5 mins crossed and 15 on verge to cross oversold on both levels . A Small Bounce is expected due to continuous Fall.
Since Currency Demonetization Entire Auto sector is coming down specially until everything gets regular. Resistance is observed around 472. which is also 0.382 extension. CMP 460 Stoploss 472 Target 433
Since 61.80 extension is broken one can aim for recent low . CMP 472 Stoploss 476 Target 459