CIPLA LONG
Cipla is currently on a 20 year resistance level and being tested since 7 days with bear-bull combination.
Today's movement it finally gets 20-50 DEMA crossover.
Based on tomorrow's opening, with a pivot at 890.
Above 910 targets can be respectively 920/930 and above 955 can be a big move.
Below the buyers zone where the stock has been tested multiple times for support, wait for a price action and short only below 864 with respective targets.
Today's candle indicates neutrally bullish.
You can always do back testings on Day/Week/5min charts as per your experience and track the stock results to have a stronger view before taking any trade.
This is just my personal study and analysis. Do not trade on the basis of just my study. Do your own research as well.
Today's movement it finally gets 20-50 DEMA crossover.
Based on tomorrow's opening, with a pivot at 890.
Above 910 targets can be respectively 920/930 and above 955 can be a big move.
Below the buyers zone where the stock has been tested multiple times for support, wait for a price action and short only below 864 with respective targets.
Today's candle indicates neutrally bullish.
You can always do back testings on Day/Week/5min charts as per your experience and track the stock results to have a stronger view before taking any trade.
This is just my personal study and analysis. Do not trade on the basis of just my study. Do your own research as well.
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