Bullish after a retracement

Stock seems to be bouncing back from a support zone...next high formed will be as give in the image...this is my speculation..for the last 3 quarter stock seems to be performing well...and it have a good pitrosky score... Karnataka gov is pushing cipla to produce more remidisiver( they couldn't make the promised delivery) so they will try their best to increase the production...which can increase the profitability of the company... fundamentally... technically...stocks seems to in a good buying zone now