Cipla has been in an accumulation stage for a while. Few attempts to breakout of the 1600 zone has not been successful. With EMAs in positive cross-over state, the stock looks to breakout of this key resistance zone. The volume is also OK in the past few weeks.
To be monitored on how it goes in the coming weeks.
To be monitored on how it goes in the coming weeks.
Disclaimer: This analysis is my personal view & for educational purposes only. They shall not be construed as trade or investment advice. Before making any financial decision, it is imperative that you consult with a qualified financial professional.
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Disclaimer: This analysis is my personal view & for educational purposes only. They shall not be construed as trade or investment advice. Before making any financial decision, it is imperative that you consult with a qualified financial professional.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.