CIPLA - UpWard Move Starts on Monday ( 6th-June-2016 )I don't know why, it will move up to about 477 - 478. I just know it, call it " GUTT FEEL "
CIPLA trade ideas
Buying Cipla Near Support - 5/25/2016After spending almost two years in stratosphere, Cipla is coming back to earth. Our bias is that Indian Pharma sector will continue to grow. That means, we should buy good pharma stocks when everybody is selling. Yesterday's bad result will be forgotten sooner or later and we will be back to talking about growth. Of course, we are not sure when the slide in the stock will end eventually but, support level near 400 is good to get long. Because even if they are destined to go much lower, it is not going to be in straight line. We are going to trade actively between 375 and 425 support zone from long / buy side.
Cipla - will 200 weekly MA hold?A big down bar on weekly charts on lower volumes after a bounce from 200 WMA with higer vols. Is this a continuation of a breakdown. Maybe more clues over the next few candles, perhaps!
Cipla: Nice Base FomationStock consolidating near support. Expect a rally to the resistance at 570-ish
CIPLA - GOOD BUY MEDICINEAs per the Elliot Wave, 5 waves correction has been completed and now I expect three upward corrective waves before the its bearish downtrend resumes in its direction.
Risk/Reward: 1:5
Target: 609-616
Stoploss: 571-580
CIPLA - "BUY" Medicine on reports As per Elliot Wave, 5 wave correction has been completed at 580 levels and now I expect to see 3 corrective waves before it continues on to its downtrend. Markets in all indices show similar charts, and I believe the markets are ready for a short term corrective upward move.
Risk Reward: 1:5
Target 1: 609-620
Stop Loss:570
