Cipla moving in Up channel in Daily chart at Break / Make Level

Hi Traders,

Cipla Moving in Upward channel in daily chart can go:

1) Long on breakout from Upward channel & imp resistance around 484 Level. (See chart)
2) Short on breakdown from Upward channel till target at imp support around 400 Level & moved back to downward channel. (See chart)


So Cipla at make or break level with moving in upward channel & imp resistance at around at 484 level (See chart)

What indicator are suggesting:
1) RSI moved above 50 (Bullish) & making higher bottom . (See chart)
2) MACD which is momentum plus trend indicator turn positive as signal line cross above zero & MACD line is above Signal line. (See chart)

Quarterly Result is there on 6 Nov , coming day will decide will direction it will go breakout or breakdown from Upward channel.

Happy Learning );

Disclaimer : This is post only for educational purpose . Do your analysis before taking position or trading.