Cipla Technical Chart | 07-Dec-2011

By admin on Dec 07, 2011 with Comments 0

VN:F [1.9.17_1161]
Rating: 0.0/10 (0 votes cast)

 

Here is a technical chart of Cipla, listed on Indian stock exchange, with Ichimoku indicator.

 

  

 

 



On 15-Nov-2011, Cipla gave bullish breakout @306.85 as it closed above kumo. It touched the high of 334.05 on 01-Dec-2011. 

But after that Kijun-sen line has become flat. Otherwise also, 333-335 is a tough resistance zone for Cipla.

So, if you’ve taken long position in Cipla, it’s better to book your profits now and sit on cash. Take long position only when it CLOSES above 335 on weekly base.



Do you like this post? Subscribe to our Free! newsletter to get updated. Just enter your email address


Incoming search terms:

You might also like:

Filed Under: India

Tags: • • • • • • • • • • • • • • • • • • • • • •

RSSComments (0)

Trackback URL

Leave a Reply




If you want a picture to show with your comment, go get a Gravatar.

  • About DodaCharts.com
  • Answers
  • Contact us
  • Sitemap
  • Bullion
  • Bursa Malaysia
  • Featured
  • Forex
  • Hong Kong
  • India
  • Indicators
  • Misc
  • Tutorials
  • UK
  • Uncategorized
  • USA
  • 2012
  • 2011
  • 2010
    • Siemens Ltd. Technical chart | 07-Dec-2011
    EURGBP Technical chart | 07-Dec-2011
    More in India (44 of 103 articles)