Cipla, as you can see has made a H&S pattern.
It’s more valuable because of the time span it has taken to break these levels (Broken out of 2 decades levels).
My Advice would be to jump on it for long time (Long means at least 3 years).
Investing in tranches, you should invest 25% right now.
Add if it comes near MA (Green Lines) or AVWAP(White Line).
I’d say...
Looks good for long term.
A good entry above 15160
Can also enter right now (risk/reward ratio is good).
SL should be 12120 (Close Basis On Monthly Chart).
Patience is desperately needed.
At a great zone for support.
If this support holds (my view is, it will), script’s getting ready for a new all time high.
Initiate a buy above the top of the support candle (534.75), keep sl of 465 (Close Basis Monthly) and target of 676.
Patience is desperately needed for this.
