CIPLA SR levels MAY27 Long

CIPLA LTDNSE

Description

⋅ May 27, 2020 3:20 AM

CIPLA has been in CLEAR UP TREND past 2 weeks.

If it break current HH then it can go till targets mentioned.

Look for LONG opportunities.

All the best!

Comment

⋅ May 27, 2020 9:21 AM

SIDEWAYS today. Wait for entry signal.

Comments

ganredmi15

⋅ May 27, 2020 4:13 AM

Is it for long term (Not for intraday)?

VSD_TheTrendSailor

⋅ May 27, 2020 4:37 AM

@ganredmi15, Intraday mostly but you can follow CIPLA for swing trading also as it is clearly giving good UP trend pattern.

ganredmi15

⋅ May 27, 2020 11:20 AM

@VSD_TamizhTrader, ok but i took in intraday only (buy at 634.2 and sell at 636). thank you bro

VSD_TheTrendSailor

⋅ May 27, 2020 11:22 AM

@ganredmi15, Well done. Thanks :)

ganredmi15

⋅ May 27, 2020 11:35 AM

@VSD_TamizhTrader, now shall we go for long (next month expiry) once it break 636 level?

VSD_TheTrendSailor

⋅ May 28, 2020 2:49 AM

@ganredmi15, If you are asking small term investment then wait for it to cross 647 and confirm whether the pullback after that verifies 647 is the latest HighHigh. Once it crosses 647 in a confirmed manner then you can go LONG.

VSD_TheTrendSailor

⋅ May 28, 2020 2:52 AM

@ganredmi15, It is possible that it has already made High Low but to be on safer side we can wait till 647.

What else you can do is e.g. if you're going to purchase 100 quantity at 647, then buy 50 now immediately (as now seems to be High Low) and wait for 647 level breach. If confirmed 647 broken then buy another 50. This way even if things go against you, lets say it reverses at 649, you still have good profits due to taking half quantity entry now itself.

ganredmi15

⋅ May 28, 2020 3:25 AM

@VSD_TamizhTrader, thank bro for your explanation