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Cipla cmp:525

Buy above 531  for the target 565

Stop loss:  503

Hedging : Sell 530 call  at  15/-

 

  • Stock has been in long term support trend line and has multiple levels of area where 508 was not been violated.

 

  • PSAR turning from support showing strength while RSI is forming symmetrical triangle .Forming an Hammer in weekly chart which suggest an upmove for short term .

 

 

 

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