CIPLA LTD LATEST OBSERVATION
CMP @880 --> ON SUPPORT ZONE
EXPECTING RETRACEMENT TOWARDS 960-1000
THEN AGAIN FALL TOWARDS 700 LEVELS
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Cipla is near crucial support zone on daily chart .
Entry:
We can go long on close of strong bullish candle near support zone .
Target:
We can keep the target 1 & target 2 near the next résistance zones as marked on chart.
Stoploss:
We can keep stoploss below the support zone .
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Buy Cipla for a target of 1000 for 1-2 weeks. RSI is about to cross 50 level showing good strength in Weekly chart.
Can buy a Call Option for June expiry. Keep SL as per your appetite.
Taking support near lower BB range and even pharma index is also taking support near lower range of BB. Some long may be initiated with SL of month low. As stocks move in favor position may be added.
An international giant from pharmaceutical sector engaged in the manufacturing and marketing of active pharmaceutical ingredients which have a wide network in India and international markets. Cipla along with other pharma stocks have a bitter experience this year and fell about more than 6 % so far . It is beleived that high raw material cost due to inflation is...
A morning star is a visual pattern made up of a tall black candlestick, a smaller black or white candlestick with a short body and long wicks, and a third tall white candlestick.
The middle candle of the morning star captures a moment of market indecision where the bears begin to give way to bulls. The third candle confirms the reversal and can mark a new...
after seeing a major correction Cipla is near its weekly support, a long can be initiated keeping a stop loss of 3-4% the targets that can be seen in the short term are of 950 and further targets of 1000, a good risk to reward trade can be initiated but make sure to trade at your own risk.
If we see CIPLA a pharma sector company we can easily spot a trend reversal candle here.
Keeping sl of hammer can be a good bullish trade in upcoming days.
Also keep in mind pharma sector only gives movement when banks and other sectors are not well
your money your trade
Trade Wisely. We Can Just Predict.
Disclaimer: I am not a SEBI registered advisor , so before entering on my view please ask your SEBI Registered Advisor . Profit is your and loss is your.
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✅ 859-878 Strong Support zone and Price show Good movement and now price on Support level.
✅ Wait on lower TF for a strong reversal and then look for entry.
✅ A good swing entry we can see.
A bullish engulfing pattern is a candlestick pattern that forms when a small black candlestick is followed the next day by a large white candlestick, the body of which completely overlaps or engulfs the body of the previous day’s candlestick.
Bullish engulfing patterns are more likely to signal reversals when they are preceded by four or more black...
Sun Pharma is near Support Zone on daily chart. It is Good Opportunity to take Swing Trade
Entry
We can go long on next candle open.
Target
We can keep target near the next resistance zone as marked on chart.
Stoploss
We can keep the stoploss below the support zone.
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Hello everyone , i m sharing an update with you on NSE:CIPLA
1st target is on chart along with stoploss ,2nd target will be displayed after reaching 1st one.
do follow and comment if u want analysis video with stop loss and targets
cipla have formed a very good head and shoulder parttern lets hope we can short sell it tomorrow, one thing you should keep in your mind is this parttern is formed on daily timeframe meaning that it well more powerfull and effective but if it goes up then you should wait few hours or days one thing i know is this partern is definetly going to ork keep your keep...
