Cipla
CIPLA swing trade ideaAfter an implusive move the stock has pulled back and is taking a support at fibonacci retracement level of 38.20% and 50ema, and stochasticRSI is crossing over. A break above the descending trendline will be a good buy opportunity for swing trade.
Cipla - Keep an EyeLooks like the bottom has been made
Stock may consolidate for some more time before starting the north journey
CIPLA daily demand zone setupCIPLA daily demand zone trade setup marked on charts. Hope price will test that zone again and fill pending orders(only possible if still buy orders are pending on this zone) this time and price will bounce back again.
Cipla buy for swingCIPLA
MULTITIME FRAME ANALYSIS
1:- Price is at Daily Support.
2:- Price is following Downtrend line in 1 hour time frame (Counter Trend).
3:- After the breakout of counter trendline, Price will also break 50 EMA dynamic SNR.
ENTRY:- 890Rs - 900Rs
1st TARGET:- 940Rs
2nd TARGET:- 970Rs
3rd TARGET:- 1000Rs
STOPLOSS:- 840Rs
NOTE:- Close 50% trade at 1st target
Remaining 25% trade Close at 2nd target
and finally close all remaining trades at 3rd target.
cipla has breaked trend line on daily time frame and retestedcipla is bullish for now as retested on daily timeframe....one can take long position
CIPLA - 20 YEAR CHANNEL BREAKOUT20 year Channel breakout with high volumes for Cipla.. Next long term target should be 1300-1400. considering it is a manufacturer of covid drug Remdesivir, it should not take long to reach the taret. :)
NO SL required!!
Cipla moving in parallel channelA trading channel is drawn using parallel trendlines to connect a security's support and resistance levels within which it currently trades.
Cipla - Raising Wedge patternPrice made raising wedge pattern which ends at the previous high to make a double top. Expecting the price to fall as per the pattern, if breaks the previous high then it is good for long.
Long on Cipla!Cipla has managed to close above a short term resistance and a long term resistance in the last 5 trading sessions. This is indicating a heavily bullish sign on Cipla. Cipla will close above 1000 in the next few trading session if the trend continues.
CIPLA ANALYSIS FOR SWING TRADE BEST STOCK FOR SWING
TRENDLINE BREAKOUT + RETEST SUPPORT LEVEL
FOLLOW , LIKE FOR DAILY ANALYSIS
GLENMARK is BUY worthy Break-OUTSl and Targets are mentioned on the charts.
Sector is in flavor. Glenmark's charts looks good for a mid-term Trade...with volume confirmation.
Keep Qty medium, SL on WCB. Buy and hold.
Disclaimer: I am not SEBI CERTIFIED yet, I just share my views on possible setups and I usually also trade the setups I share here.
Last Trade Idea shared on TRADINGVIEW, SWSOLAR is still running and in good profits...
CIPLA : ATHNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading.
