Once a star. Fallen from grace. Now tings are changing. Above 200 DMA. Resistance line is drawn. That is around 600 Call strike where bears have taken huge position. It may take some time. Like Cipla, when 600 will be taken out, it will be a big breakout. By then 50 will cross 100 DMA. These two parameters (200 DMA and 50 crossing 100) are common features of pharma majors at present.


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