Cipla
CIPLA looks bullish after a pullbackCIPLA moving bullish with support and resistance level as marked on chart. Now it has reached to support trend line which is also a support area zone around 955. It has become a area of high confluence and expected to take support again.
watch the move, buy above 963.5.
#MAXHEALTH CMP 244.90 #Target 271(10%+) #cnxpharma $GLD $GS $JPM#MAXHEALTH
NSE: MAXHEALTH
CMP 244.90
Target : 271
SL 228
RR Ratio > 1.5
Time Frame < 45D
Factors:
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
Cipla on selling sideHello guys i had find this swing setup in 1D timeframe which made double top and also broken trendline with broken market structure we can short from here with above swing high sl and 1:2 RR tg also plzz do your own analysis before any trade also if you like my analysis plzz like share and follow thank you
CIPLA "W" Pattern Downfall TGT @925/920The chart, clearly shows Cipla forms an uneven "W" pattern and faces resistance on a higher level. So we can Keep an Eye for Selling.
Best Setup to Trade.
At the opening of the market right at 9:15, if CIPLA opens with the price of ( 934 - 930 ) we can place a trade on breaking of the previous day Low( 930).
Once it breaks we can put up a target of quick 4-5 points based on your Risk-Reward ratio.
With this setup you can achieve the target very quick as 9:15 we get very high momentum moves / volatile.
** IGNORE if Gaps up / Gaps down too much below the mention selling level.
This is my Everyday Quick Setup I shared with a small analysis, you can make your own setup and trade.