View on Chart: Daily
chart shows
that stock has been moving in a rounding formation with a neckline at
330/33 levels. Current action is having higher bottom rounding action on
the cards. If
our assumption is true, then we are likely to see stock heading towards
315/17--330/333 levels in near terms. Crucial support marks for the
stock are seen at 300 and
at 285, which means, buyers need to keep SL below any of the given
support
levels. Immediate resistances are placed at 315/18 and at 330/33
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WHATS UNDER TRADING RADAR:
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|
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STOCK
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CIPLA
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OUR CALL
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BUY AT DIPS
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TARGET(S)
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315/18--330/33
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STOP LOSS
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BELOW 300
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*** On the reverse side, sell below 285.
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