CIPLA trade ideas
CIPLA - Possible Moderna -Got a ticket to ride?Don't know if its the hope of a Covid vaccine or just good fundamentals and hype but this stock is going up and wouldnt be surprized if it 2X from here before coming back down .
As you see it bounced perfectly from a confluence of support on high time frame and uptrend line on the monthly.
Buy the Dips !
Levels on chart.
Golden cross already happened on LTF and looks to be flagging now, id be buying big at major support levels if you miss out buy the retest.
Peace!
CIPLA - Strong trend-line resistance CIPLA is on strong uptrend from past couple of days, however currently at strong trend-line resistance.
Incase if gap-up opening above resistance ans sustains, go for clear long.
Incase if pharma sector is -ve in next trading session, we can consider for shorting opportunity.
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Cipla Ltd (CIPLA - India) - ABC zigzag patternCipla Ltd (CIPLA - India) is in ABC from major bottom as shown chart. After strong A wave, price just giving B wave flat within upper 24% area. Now wave C is started with relative high volume & also break the resistant trend line, which go for next new high with high possibility, until invalidation area should not be breached.