CIPLA BEARISH; AS PREDICTED ON 28 FEB 2018

CIPLA ROCKSS ACHIEVED TARGET 588

TOTAL PROFIT : 18000 IN JUST 2 LOT

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DAILY CHART FOR CIPLA

STOCK FUTURE TRADING TIP FOR 01 MARCH 2018

SELL CIPLA BELOW 592 TG 588/580 SL 600

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The CIPLA is in downtrend  and is forming a continuation pattern in short term charts, it is likely to show correction with the breach of the support level of 592, where one may initiate the short position in it for the targets of 588,580 while stop loss can be placed at 600 .22&55 EMA seen as resistance levels on intraday charts .Today, Pharma stocks were the  losers .

DAILY CHART FOR CIPLA

STOCK OF THE DAY !!

BUY GODREJCP ABOVE 1092 TGT 1105/1125 SL 1075

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TECHNICAL VIEW: The Rounding Bottom pattern seen in daily chart of GODREJCP. It is a long-term reversal pattern that is best suited for weekly charts. It is also referred to as a saucer bottom, and  represents a long consolidation period that turns from a bearish bias to a bullish bias.

                    After showing correction from the higher level, now GODREJCP is trading in recovery phase, it is likely to continue the upside move in near term with the crossing of the resistance level of 1100 as the stock is managing to sustain above the level of 1100.  It is likely to continue the positive movement towards 1125/1150. 22 and 55&200 days moving averages seen as SUPPORT  level with the RSI of 70,  One may get the targets of 1125,1150 in the stock with the stop loss of 1075. Primary trend of the  GODREJCP is bullish. Strong Support level seen on daily chart at 1050. 1114/1124 level seen as a strong resistance level.

DAILY CHART FOR GODREJCP:

M&M BULLISH; AS PREDICTED ON 21 FEB 2018

M&M ROCKSS ACHIEVED TARGET 730

TOTAL PROFIT : 25400
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DAILY CHART FOR M&M