Cipla Share on Bullish trend Cipla Share might go for another life time high in upcoming session. Now on all TFs stock in uptrend. So we can take the long entry after the trend line broken. Around above 684 we can take long entry for the target price of 696-702. SL can be set @ level of 673. So add the stock in your watch list for further price action movement. RSI level is bit cautious. Expected minor retracement befor moving uptrend.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask
Cipla
Cipla - Positional Sell below 634.5SELL: Positional sell on close below 634.5 on 30min charts
Target: 610, SL: 658
Stock is forming lower high pattern in 30min charts & trading below 20SMA. Wait for candle to closed below 634.5 in 30min chart & sell below the low of the candle closing below 634.5 levels
CIPLA ConsolidatingCIPLA has been trading in a zone for the past 42 days.
This might continue for some more days,but a big move is expected whenever is breakouts or breakdowns from this zone.
Will trade with 1:3 RR NSE:CIPLA
More chances of breakout are there as CNX Pharma is bullish and it might reach 10k levels soon.
Keep a look out on pharma stocks especially :
1) Alembic Pharma
2) Torrent Pharma
3) Aarti Drugs
Time to long CIPLALong Cipla
1. Fibonacci retracement level of 61.8% broken
2. 5SMA above 20SMA indicating uptrend
3. Weekly RSI above 60
4. High volume
5. Green candle forming bullish engulfing patter
Target around 680
Stoploss 3% (can vary as per individual risk management)
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CIPLA Trading in a channel Zone.kindly check on daily chart Cipla is trading in a channel form.Lets wait to break the channel will get good results. Just add the stock in your watch-list. Shortly it will break the channel . Keep follow will update you all once trade is active either for long or short entry.
Have patience is the success to key. please note Do not anticipate and move without market confirmation.
(Intraday) Soon Selling! on Cipla
1. Cipla price took the reversal from 1.61 level of the last peak on an Hour Chart.
2. Looks like cipla about to make the shooting star formation on an hour chart.
3. It has already formed shooting star formation on 15M Chart with valid Volume.
4.to keep the trading Safe
SELL BELOW: 627 Target: 614 , 597 Stop Loss: 639
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buy cipla intraday/hold for 3 daysTomorrow , if Cipla open near 622, and if share price is near 633 at 9:30, buy the shares. Keep a Target around Rs650 and you may place Stop loss as you wish. if the trend is downwards in the preopen market, then do not buy the share.
For traders who wish to hold for 2-3 days, hold the share till target of 666.