Cipla
Cipla - ABC Correction Completed - Buying Opportunity!Cipla has potentially completed its ABC correction on long term charts and is not set to go higher from here... The correction completed with the channel and Wave A = Wave C and almost at 61.8% Fib levels giving every indication of a reversal from those zones.
One can go long in this stock now with the stoploss just below recent lows around 385 for Targets of 600 and higher.
CIPLA TECHNICAL ANALYSIS: Might enter a Bear zoneCIPLA has been trading in a range for almost 5 years now ( Look at the chart)
But, now I think we might see a new trend- Potentially a bear one.
The problem with most traders is they think "indicators are everything" which is simply not true .
A fancy cluttered chart with 10 indicators doesn't mean accuracy at all.
I think you can trade with just basic tools, you just need to know everything about them, extensively.
Today is 9th October 2019 (9/10/2019). This is a 3 Month chart.
CMP-411.90
i Believe CIPLA is changing its trend as the trendline which has been been acting as support from April 1st 2003 has been broken, But CIPLA has NOT closed below this trendline. This is a 3 MONTH chart, it closes on Jan 1st 2020. The ultimate confirmation will be when CIPLA closes below the trendline. The view is very clear, I don't complicate things.
What should this mean to you?
If you hold CIPLA in cash market, now is the time TO NOT even think about getting out. (You're already on a lot of loss right now but things might change if it doesnt close below the trendline)
If you're looking to invest into CIPLA, You shouldn't right now either. Wait till the candle closes ABOVE the trendline.
Trade safe and sound.
CIPLA- can see 370-375 in coming dayscurrently in downtrend ..can go with 340/360/ PE .... - closed below the weekly support
#cipla near buy zone @in_tradingviewNSE:CIPLA
Cipla
Buy around 440 445
Sl 425
T 453 462 477 495
Only for Study Purpose
Buy Cipla 493.60/- Stoploss 483.75/- Target 503.45/- and Target Buy Cipla 493.60/- Stoploss 483.75/- Target 503.45/- and Target 513.30/-
CIPLA - SHORTOnce RSI crosses below 40, then you can short it. As the prices are around the support.
Buy Cipla @ 551 target 565+ Stop Los 548Buy Cipla @551 target 565+ Stop Los 548
Education Purpose Only NSE:CIPLA
Tail prediction on CIPLA.If create TAIL nearby the 555, then short this stock preferable for first target 549.
Low risk and high reward probability is found on CIPLA.Wait for creating TAIL and target is nice at control price.
I prefer to short sell at a "value high" with a tail.
Detected "price rotation".
Follow me and hit LIKE button for real-time ALERT >
Footprint analyzied CIPLA again.Presently, CIPLA is created excess on the value high, if it's not break up the value area.
Found the two phases for sellers won the price.
As per timeCycle analysis, time is far from now for that phase.
As per risk and reward, as a trader can short this stock 567 nearby with stoploss 571 above and wait for target 549.5 and 535 below.
intimidating spike seen on CIPLA but tryJust try to trade in buy range and keep stoploss.
try two times with stoploss. Here is good ratio of reward than risk.
CIPLA Stock Bullish | Trade NiveshCIPLA Buy Above 569.7 with the Stop Loss of 543.5
Magic Line is 567.40.
CIPLA, footprint.If you get a chance to enter 550 below and lower low, it's great to buy.
We have found tail on control price.
We need a big spike on this stock for move 565-567.
We are seeing more excess at value low which indicates that, can break downward. This is a red flag.
Different of -ve and +ve points, CIPLA is good at 547-550 with strictly stop loss.
I have added me in a profile about me. I am also the developer and very soon I ll give the most effective trading pine code script .
