These are my personal views as i FEEL there might be a minor reversals may be due to anticipated profit bookings.... Mainly cos retail traders dont really let their profits run completely... But i see biiig smart money interest in this stock and sector... My views for this stock is for more than 3- 6 months... good returns can be expected...
CIPLA - Proper sell formation with limited risk in entry.
Technical analysis on FOREX and INDIAN MARKETS. We are not SEBI REGISTERED ANALYSTS The views expressed here are for our record purposes only. Please consult your personal financial advisor before investing. We are in no way responsible for your profits / losses what so ever .
Rising wedge pattern is considered to be a bearish pattern. Could be a good shorting opportunity. Trade with confirmation.
Pharma Giant Cipla is forming a classical Lower Top Lower Bottom Formation Looks weak to me Do ur own analysis before taking trades :)
price touching 480 - 485 region and if you take a look at RSI it is very bullish and no bearish divergence till now so after confirmation of breakout we can enter in this trade
Stock: Cipla Looking long Trade.. Exp. Targets are Shown in Chart.
CIPLA (Cipla Ltd) SELL BELOW 451
TL breakout, buy with SL 440 Closing basis. Void below 452. T1 480, T2 500.
buy cipla 580-560 sl 558 tgt 600-620-640-660
Need to quickly do TA - no time to write down, mostly the same technicals across the board.