Indian stock cipla future is taking reversal from bottom in weekly chart.it was also a good demand zone.
We will see 1100/1250 levels very soon .
Future of medical sector in India is very good.
So we can make a long position in Indian medical stock cipla.
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
#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
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.
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.
