Cipla
Cipla sweet target of Rs. 827 Cipla with good volumes can touch Rs. 827 in December.
What are we talking about:-
Cipla will touch Elliott Wave 3 starting point of Nov 10, 2020 - to Rs. 810+ with Gann fan support can even touch Rs. 827 in December.
Price movements will be slow - but we have a cyclic harmonic pattern suggesting us that Dec 7/Dec8 will be an important date for this stock
After this there will be a correction that falls with Nifty correction as well
Cipla - Short term pull back expected Cipla is showing negative divergences on a 15 minutes time frame.
Ideally, when price makes a new high and RSI fails to make a new high, it gives a good signal for a short term pullback.
However, pharma is in a strong bull rally, so entry and exit should be real quick.
Target 1 - 810
target 2 - 795
R-0234 CIPLA breaking out from ascending triangle on daily chartCMP 820 (JAN EXPIRY) TGT 870/910 SL 772
#It is near all time high 829.
# short term moving average is above medium to long term average.
#Pharma sector is outperforming in last few months.
#DMI indicator turns bullish on the daily chart.
#RSI and MACD also indicates strength on daily and weekly chart.