CIPLA LTD
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Range Breakout

The stock has been in Consolidation for more than 7 Months and tried to break out several times.
Volume has increased significantly in the last trading session.
200 EMA acting as a strong support.
Looks good above 992 for swing trading with STPL below 865.
With the new COVID Variant, Pharma stocks are on the rise, so by the looks of it, this is a high probable Trade set up.
breakoutChart PatternsTechnical IndicatorsPHARMAswingtradeTrend Analysis

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