NeeteshJain
Long

CIPLA - "BUY" Medicine on reports

NSE_EOD:CIPLA   CIPLA INR2
As per Elliot Wave , 5 wave correction has been completed at 580 levels and now I expect to see 3 corrective waves before it continues on to its downtrend. Markets in all indices show similar charts, and I believe the markets are ready for a short term corrective upward move.

Risk Reward: 1:5
Target 1: 609-620
Stop Loss:570
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