A Strong candle from here can take the price to 1750
At 50 DMA neat to a breakout triangle. Looks 475 will be easy target.
Head & Shoulder formation and fib retracement match.
Can we see a Head and Shoulder
CIPLA 1/3rd Correction to 650 Range.
will the price reverse from here.
Line acted as support and resistance. Price also testing 20 SMA (day) multiple times. It looks 540 range will be tested soon.
1920 by this week does look like.. good to short.
In resistance of a strong multi year trend line
Break 284 is a Cup and Handle Pattern. Possible Long with target of 314.
If 1280 Support line is respected, then we can expect a formation of Right Shoulder.
Might see little resistance around 1610-1615 Range.
Break down of Recent trend line. Near to Recent support and resistance line. Clear half formed H&S pattern. Sounds to be a clear sign of Short.
Below 1764, the there is a lower low getting formed, also breakdown of flag pattern
There might be a potential reversal in 230 to 225 Range.