Cipla results are good but on 6th aug it has opened in Gapdown and break dowm 910 support .
Trading_hawk
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@swathikonakanchi,
Yes. If it trades below 910 then it will be good opportunity to short it. And easy target will be 900.
Let's see how price action works in coming days.
swathikonakanchi
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cipla hit 947 and came down it didnot sustain
kanishkg5
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Can i buy for swing purpose will the targets be same as mentioned please guide
Trading_hawk
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@kanishkg5,
Yes. But be careful as today is result for CIPLA so keep SL
nandha027
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hi sir . stock is bearish now . will this be continue or any chance for bullish reversal ?
Trading_hawk
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@nandha027,
Below 890 level it will become more bearish. Because on Daily time frame it has already broke 100DMA. And trading below it. However it is still above 200DMA. There can be the chance of reversal if it holds the level of 895 and gets support from it.
nandha027
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it's in upper trend . previously it took support @ 100 / 200 DMA as support and reversal may happen .. am i right ?
Trading_hawk
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@nandha027, my personal view is yes. Reversal may happen.