Hour chart for explaining more details in currently: Educational purpose only : CIPLA making 5 or 7 wave Correction . It's mean WXY or (WXYXZ )pattern. This correction happen in CIPLA higher degree wave (((3))) . Correction also within 0.382 Fibonacci levels.. ..this technical point gives confirm this is a wave (((4))) correction. Coming weeks CIPLA has complete wave Z or Retracement at 0.5 fib levels that's mean wave 2 formation. after market reach above 1000 point is CIPLA continue new rally ....for next 4 months...... Long Run takes minimum 20 day time .. Coming 10 days market will be parallel channel OR . If market break this channel takes long term holdings
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Cipla short trade for perticularly area 970 PE - 20 ₹ turns into 63₹ within 9 days
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Right time to BUY CIPLA ......
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After updating March 9 . Wave following like this types formation
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RSI support level takes 40-50 area Clear notification for upward direction