LONG ON CIPLA AT CURRENT LEVELS! EXPECTING A BOUNCE TO UPSIDE!!!
buy cipla 580-560 sl 558 tgt 600-620-640-660
It is observed that after a impulse wave pattern, the stock is trying to make a bearish flag pattern on daily charts. Sell the stock on lower trend line break on retacement for the mentioned levels. Also mentioned in the Charts are the possible price action . one can also initiate a sell on the stock at higher levels( sell zone ) on some kind of a reversal...
buy if price closes above red line for a target of 41 rs per share
More Another Pharma stock looks ripe. BUy above 529 for targets 558 581 604 #CIPLA
Stochastic showing divergence in daily chart and weekly oversold as well. Entry 507 SL - 480 TGT - 546
All set for the new year bullish rally empty your pockets to fill some new longs...!
Cipla, the leader in respiratory therapy segment, is giving a major push to expand the market further through its latest mass campaign called BerokZindagi, that encourages people to opt for inhalers.
Need to quickly do TA - no time to write down, mostly the same technicals across the board.
Bea rush engulfing in weekly chart would keep the sentiment in bearish bias for this week. Expect Sep contract to expire below 680.