Cipla Futures made flag pattern on daily charts & trading above breakout level with good OI addition of over 2.5% as well as trading above 9-21 MA & above middle bollinger band. Could be bought positionally with stoploss of 1025 & minimum targets of 1075/1095
We may see Cipla cross 1006 by the 27th of May. Cipla is in a strong up move
#CIPLA trading 1048 formed bulish patern, yesterday trading our retracement level, we can SELL BELOW 1041 and tgt for 1021, posistional tgt 996 and follow SL 1365 closing basis
Cipla looks strong. We may see Cipla at 966 by the 1st of Feb
Rebound from 200 SMA, breakout from daily trendline, Very strong results. Can use previous daily trendline resistance as stop loss of 912 for a target of 940.
Cipla - 983 by 23rd Sep. Cipla heading upwards and gaining momentum
Cipla - 965 / 973 - 22nd /23rd Sep. Bullish momentum seen in Cipla in the short term
Cipla after touching a new high is down. Currently at 910. Should go down some more, probably to 892, and if the downwards momentum lasts even 864. But I think it will bounce back at 892. There it should resume its up move.
CMP 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.
Sell Cipla OCT 760PE @18-20 for the tgt of 10/8 SL 22-24 or according to ur risk profile. Put Oi increasing all strikes upto 790 whereas call unwinding seen in 790 and above strikes.