Big parties buying with huge volume at 800 Rs. The level they may have a view of selling the CIPLA at a higher level.
800 was resistance and now taken support at this level. Now Flight is ready for him.
GET SET GO CIPLA!!!
The script will go down once and will take support at the lower trend line and whenever it will cross the upper level it will take support one time and later IT WILL ROCKET.
Buy Level: 867 (After support)
on a weekly chart Bank NIfty is at the resistance level
From so long Bank nifty is moving in parallel channel. If It follows the same trend then possible to have big downward move.
Sell BankNifty Future or Buy PE of December Monthly expiry.
Even Daily RSI is also in Overbought Zone.
Just my view.
Buy after 1 week. let the price correct bit more buy 2 or 3%.
Buy @ 4850
with target of 25% return in a month or two month.
1. Support at 50 EMA
2. Trendline support (Demand zone)
3. Results are better than expected.