vkfinserv

vkfinserv

It seems big money is entering Idea. Look at the last few candles volume. Volume keeps increasing with price. Good sign but, this has stock has been ultimate trap for retailers for a long time, so proceed with caution. Exit as soon as small targets achieved. You can always enter again at higher price. If this breaks out it might break out really big. SL -...

vkfinserv

The price action suggest, it might break out above at least 1300. Still chances to move until 1320. Targets calculated with fib. Within this month we could see Cipla crossing 1300.

vkfinserv

Just analysis and levels for future reference. Not a prediction.

vkfinserv

It is at one year resistance zone it should go touch resistance zone and go back down but since the budget session is in few days, you cannot be sure. If budget is positive then it might cross but if it falls taking a short trade here.

vkfinserv

Here are possible targets for long term. My view is hold for at least a year. Can reverse from target zones because these are previously resistance zones.

vkfinserv

In daily chart, volume is same for last 3-4 days but daily candle keeps getting bigger wick at top. Price action suggest the weakness. There is a resistance area around 22. What do you thi?