Flag Pattern basically in simple language a figuratively a pole and flag - drawn on the chart
How does a flag pattern matters in trading? Flag patterns signify trend reversals or breakouts after a period of consolidation. So the important point to note here is CIPLA would be out of consolidation either will fall or rise from here.
Usually, the break out or...
HELLO FRIEND,
HERE IS CIPLA BUY SET UP AS PER GANN THEORY BUY CIPLA ABOVE 206 SPOT LEVEL WITH SL OF 868 CLOSING BASIS FOR THE TARGET OF 965.
HAPPY TRADING.
Cipla is currently on a 20 year resistance level and being tested since 7 days with bear-bull combination.
Today's movement it finally gets 20-50 DEMA crossover.
Based on tomorrow's opening, with a pivot at 890.
Above 910 targets can be respectively 920/930 and above 955 can be a big move.
Below the buyers zone where the stock has been tested multiple times...
Can go long if closing above 923 - Length of old channel is around 475 rs. Next long term target may be in 6-9 mnths should be around 1300-1400. It has sustained above the channel for 2 months; and analysis is backed by blockbuster results posted this quarter.
SL - Weekly closing below 730
earning result @ 14/5/21
* symmetrical triangle
* momentum increasing
* range bound between previous resistance & support
buy @ above 910
sell @ below 870
NOTE - (have to sustain at least for 15-30 min)
My fav symmetrical triangle breakout ... upper trendline been tested many times and is clean meaning no gap ups above the line and coming down back into the zone of triangle .... a closing above the line on 15m or u can watch for a good risk at 5 min too depends on your RR ratio and RM system. Take the trade as per
Happy trading :)
After 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 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
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...
