Cipla Share might go for another life time high in upcoming session. Now on all TFs stock in uptrend. So we can take the long entry after the trend line broken. Around above 684 we can take long entry for the target price of 696-702. SL can be set @ level of 673. So add the stock in your watch list for further price action movement. RSI level is bit cautious. Expected minor retracement befor moving uptrend.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask
its been more than 2 hours since trade active call was given... but it is going down and not reaching 700 levels...Appreciate any update
Tech_stock_trader
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@pradeepk72, check charts as per level given of 695 already done. Also check comments this is now retracement for next big move & that move can be expected but not sure today or in next upcoming session.
Tech_stock_trader
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@pradeepk72, Hope your query resolved... Move as expected..
pradeepk72
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@Tech_stock_trader, thank you for your response. What is next movement in cipla? Will it continue its upward mobility and reach 750-900, as results are expected to be good.
Tech_stock_trader
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@pradeepk72, Good stock . U can choose as per your trading style. for long term also stock is good. yes 745-750 next target expected...
anugraha
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Missed 684, any other entry possible?
Tech_stock_trader
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@anugraha, wait for the correct levels...RSI in OB zone.
pradeepk72
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Can we see the jump to 700+ tomorrow
Tech_stock_trader
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@pradeepk72, expected. Nothing sure in stock market.