CIPLA -Rising wedge Breakout

CIPLA-Rising -Rising wedge Breakout

Name - CIPLA
Pattern - Rising wedge
Status - BreakOut with good volume
Cmp - 1654
Target - 1850
SL - 1600

Pattern
A rising wedge pattern is a technical analysis tool that often signals a potential bearish reversal. It forms when the price of an asset is moving upward, but the trendlines converge, indicating a loss of momentum. When the price breaks below the lower trendline, it typically suggests a downward move.

Fundamentals :
Here are some key financial ratios for Cipla Limited:

Price-to-Earnings (PE) Ratio: 28.71
Debt-to-Equity Ratio: 0.021
Return on Equity (ROE): 16.8%1
Net Profit Margin: 16.5%2
Revenue Growth (TTM): 10.3%2
Enterprise Value to EBITDA: 19.813
Price-to-Sales Ratio: 4.943
These ratios indicate Cipla’s strong financial health, low leverage, and efficient profitability. The company is well-positioned in the pharmaceutical industry with a solid market presence.