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Cipla Possible Inverse Head and Shoulder Bottom

Long
CIPLA LTD (NSE:CIPLA)  
Div_Trader  
NSE:CIPLA   CIPLA LTD
Chart Patterns Trend Analysis Technical Indicators
4
0
chartpattern trendanalysis indicator
Cipla chart shows Classic Inverse Head and shoulder pattern.

IH&S often marks the bottom and shows trend reversal.

Currently Right shoulder is being formed on the chart and neckline being 480.

If 480 is broken and retested, Inverse head and shoulder target is 560 - 580

Pattern invalid of daily closes below 430.
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