CIPLA
Now is the right time to invest in cipla
Cipla is ready to break out the resistance trend line
Volumes are also good
my first target@1540
Second target@1660
Stop loss@1317
Disclaimer:
I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial...
There is Institution buying zone if price come at that lvl then we can go long.
I am NOT a SEBI registered advisor or a financial adviser. Any of my investment or trade ideas I share on my profile are only my view point.
According to the chart structure the trend is negative.
Today we have an inverted Hammer type candle, the price is rejected from the resistance zone.
Personally I am waiting for a short trade the reason is that on the bigger time frames the correction is pending.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
📊 Script: CNXPHARMA (NIFTY PHARMA)
Key highlights: 💡⚡
📈 Nifty Pharma is retesting from its support level shown in chart.
📈 Pharma stocks can give good returns.
📈 One can go for Swing Trade into Pharma stocks.
📊 Script: CIPLA
⏱️ C.M.P 📑💰- 1414
🟢 Target 🎯🏆 - 1510
📊 Script: LUPIN
⏱️ C.M.P 📑💰- 1688
ONLY ABOVE 1700
🟢 Target 🎯🏆 - 1828
📊 Script:...
#CIPLA
Stock gave decent correction last month. Reversed from 1335 levels, then formed a strong damand zone at the level - 1390-1400.
Now earning is there. Market is signing up for the second phase. I never believe that news makes chart. For me chart and technicals are always formed first, many days before, and then news comes into the market.
So as per the...
CIPLA is in big bullish move but seeing short term correction trend now and price to see its previous support in this month. so may not move up in coming week with out testing support zone.
The excellent bullish engulfing and solid wave pattern displayed by last week's Cipla candles reinforce the upward trend. Cipla should expect achieving the shorter-term target of Rs. 1490–1500, where a significant resistance level is present.
Is Cipla ready to touch new highs?
Cipla recently provided a breakout on January 2nd, following an extended period of consolidation. During this consolidation, we observed the formation of a bullish continuation Head and Shoulders pattern. Now, with Cipla executing a perfect retest after the breakout, we are optimistic that the skies are the limit for its new journey.
Cipla taken Multiple support at previous resistance level of 1415 - 1420.
Morning star pattern observed near support, along with positive reversal in momentum.
Entry was today @ 1440 with a stop loss @ 1415 and a target of 1500, 1505, 1510.
Happy Trading,
Cheers,
Yamini Prabu
NISM Certified TA,
Independent Trader/Trainer.
Cipla by sustaining above Previous High,
Its on a Consolidation Phase, Signs of Accumulation.
Buy on Decent Dip too,., Supported by #Sunpharma #Auropharma, Strong from Pharma Sector.
Maintain your Risk Reward.
DivisLab made a Proper HigherHigh and HIgherLow.,.
Now its at Proper Higherlow,, look for Priceaction for Proper entry and Stoploss.
There are two levels for Buying.
Follow Risk Management.
1. stock breakout resistance level almost 8th time
2. stock retest and create mini flag pattern (10.1.24 goods for interday)
3. stock close high price with green candle
4. volume also build
5. 1329 stock higher price since
6. entry should be 1330
7. target as per you planing
for my side 4% first target
8. Stop loss should resistance level where stock give breakout
CIPLA Looks good for Swing or Longterm Investment We can clearly see a Perfect Breakout with Mandatory Retest & Now Stock Ready to Fly further Rally
KEEP ON RADAR
Cipla looks good for a positional trade.
Buy above Rs 961.80, SL 942.
Target will be set afterwards, we may also trail our SL/Target considering the market behavior.
The entry price may also be modified depending on various circumstances.
Disclaimer: The views expressed in this article is of my own. You're solely responsible for any decision taken in the markets,...
