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.