Cipla : A cure to unhealthy portfolio ?

CIPLA
Cmp 880
Near support zone 850--870
870 coincidence with 0.786 Fibonacci level
Buy on strong candle formation at support
TGT : 1000-1080+
SL below 850 closing basis

One can also short upon breakdown of support zone for the target of 700.

Note: Just an idea not any recommendation to buy or sell the particular stock. It's just for education purpos to mark the target and SL technically.
Comment your views on this and correct me if wrong.