Cipla
CIPLA - RSI Bearish divergenceNote: This is for educational purpose only.
There seems to be a bearish RSI divergence pattern in CIPLA in daily charts.
Super Bullish - Closed just below ATH !!Price after breaking the triangle pattern reached the target and on the last trading session it just closed below the All time high levels, as the price is looking super bullish there is a big opportunity for a short time hike as seen in other pharma stocks.
If trades above ATH then go for scalping trade or go with tight stoploss. . .
Price is looking super bullish and because of this the Double top option is fading away !!!
CIPLACIPLA:- price build up for breakout buy on dip 700/720 for 780₹ with sl 670₹ clbs
#Disclaimer:-I just shared view for only educational purpose.
Swing Trading Analysis: CIPLAAfter an All-time high breakout stock retraced to the near demand-supply zone. Now we can see a pullback from here.
CIPLA Trading SetupVolatility getting less at the end of the correction which shows correction almost complete.
CiplaMade double bottom, tested support and gave good bounce and now expecting a breakout.
Buy above 731.5 (Intraday).
Please do your analysis. Before trading..
CIPLA is Looking strong Above 700 as a Positional TradeCIPLA is Looking strong Above 700 as a Positional Trade for the target of 750-780-800-820
