CIPLA closes at ` 293.00 with a gain of +1.60 % on 26 Oct 2011 with formation of Small Black CAndle on Daily Price Chart .Technically, CIPLA is looking week on Charts. Major Momentum Indicators are also Bullish on Price Chart. Ultimate Plus & W%R are in Bearish Zone.
We Recommend to SELL - CIPLA Below `290.90
Target- `285.57/278
Stop-Loss – ` xxxXXXXzz xXXXXxxx
Time Frame- 5-10 Trading DaysEditor’s Note : This Article is written by Vina S Singh, Senior Chartist at www.niftynext.com , which is a Technically Based Quant Research Firm, M/S Durgapur Holdings in Durgapur, West Bengal, India that covers all Stocks, trades at NSE. We use Ami Broker Charting Software with pattern Explorer. You can reach the Chartist here mail@niftynext.com
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