Cipla Ltd
Largo

Parallel channel in CIPLA - Chances for breakout

97
Chances are high to give breakout. So good to go long . Wait for breakout from channel .

Breakouts: Traders could buy a stock when its price breaks above the upper channel line of an ascending channel . It is prudent to use other technical indicators to confirm the breakout. For example, traders could require that a significant increase in volume accompanies the breakout and that there is no overhead resistance on higher time frame charts

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