CIPLA LTD. - GUTS & INDICATORS !!

CIPLA LTD.

The stock has already witnessed breakout from the rectangle pattern in the daily chart and is consolidating right above the support zone.

Likely to see a breakout above 655 levels and RSI too supporting the strength in the stock. Time Trend is also BULLISH.

However, I am in a dicey situation. Without going into many details. If the prices break the low of 26th May low (624), we might see a quick breakdown of the prices to 600 price point.

KEEP AN EYE !!
Keep a watch.