Cipla - ABC Correction Completed - Buying Opportunity!

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Cipla has potentially completed its ABC correction on long term charts and is not set to go higher from here... The correction completed with the channel and Wave A = Wave C and almost at 61.8% Fib levels giving every indication of a reversal from those zones.

One can go long in this stock now with the stoploss just below recent lows around 385 for Targets of 600 and higher.