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.
620-640 is important level for Cipla long term Market has broken and trading above big resistance and looking for GOOD up move to 750-800 ++
Cipla can buy for long term target 760-800 CMP 663 2-3 months time frame this can be correction or impulse minimum target will 760-800
Cipla can buy for long term target 760-800 CMP 663 2-3 months time frame this can be correction or impulse minimum target will 760-800
On breakout, sometimes a pullback may occur. It is just like pulling the string of a bow to give momentum to an arrow. Cipla may be doing the same thing.
Should get to 2000 in 2022, but as expected a period of consolidation for a few years in the middle
Posted this chart earlier. Price consolidated at the long held resistance line to breakout. 50DMA about to cross 100 DMA. Pharma segment is turning around. Good time to invest for long term gain. I shall cover select Pharma scrips as an when they fulfill the logic of technical study.
Trend is changing in Pharma industry after 3-4 years of slump condition. Note that Cipla is a very volatile stock. At present price has recovered from lows and is facing resistance. So this is a decisive level. Price is comfortable above 200 DMA and one more thing is 50 DMA may soon cross 100 DMA which will boost the sentiment. A correction or consolidation is...
After having a bullish run for years. Cipla may break downwards if it breaks resistance.
Short was given by system at @578 1st Target 564 , achived going for 2nd target 549 ,stoploss of 576
- RSI +ve divergence (hidden) - bounced from 200 EMA - Targets are fib ratios 1, 1.618 on chart with SL as last low of 555. - WAIT FOR BULLISH CANDLE TO GO LONG Note - This is only for study purpose and i will not be liable for any PnL made based on above chart. Please DYOR.
BUY CIPLA Target 643, 681 CMP 568 SL 524
BUY CIPLA for LONG - TARGET ABOVE 600-800
Cipla bounce from 9 year Trend line,Stock shows strong uptrend buy Cmp 547 Target 600-650