Cipla
CIPLA ChannelCIPLA is moving in an up channel, and folowing the green sup/res levels. It recently moved back into the original channel, forming a double top after long.
currently in breakout/reversal zone.
Cipla :Will this Bull Momentum sustain ?!In Cipla chart we clearly had new high formation breaking previous resistance & we had a slight pullback to a support zone. Till 555's zone Cipla the pullback zone can be extended but we never know what Markets gonna do, So planning your risk:reward is vital here. As per your trade plan, check what is your risk depending upon that take entry. One of those risk:reward entry's is shown on chart how its done but this same entry setup can be very risky for other few, thats why always Go as per your trade setup, take this only as potential trade chances put out to public :)
Cipla : Waiting for that UpsideRight on Fib lines with Good Breakout to upside ( sizeable volume ), pretty risk-reward : So Longs in Cipla ?!
Cipla approaching short term channel supportCipla has been trading in gradual uptrend respecting support and resistance it closed on channel resistance and may see further down up to the target of 587 in near term.
Cipla approaching channel support may touch 276CIPLA has been trading in a channel and approaching support, we may see the stock to touch 576 in a couple of days if market remain negative.
CIPLA Time study - Educational Series 6Hi All ,
I'm sure you might have seen the post on Cipla by our champ AbhishekHSinghCMT , If you haven't please do see .
Following are my observations on CIPLA weekly chart time study :
Please note numbers 16,24,40 all are multiples of 8 , Significance of 8 (It's a fib number)
1)Rally from may 2014 - 40 Bars
Above rally gave double top in 24 Bars
After which another leg down in 40 Bars
so 40 Bars up time got corrected in 64 bars time pls note 40x1.61 approx 64 bars
2) Rally from May 2016 - 16 Bars
above rally may give double top again (my assumption) in 24 Bars i.e next week
After which another leg down again (my assumption) in 16 bars i.e till june 2017 last week or
july 2017 first week
So 16 Bar upmove will get corrected in 40 Bar down move i.e 16x2.61 approx 40/41 bars time
I have put in Potential reversal zone - PRZ accordingly
Disclaimer : I have heavy biased view about top in next 2 week,followed by correction of 12 -14 weeks , my views can be wrong , Please consult your financial adviser before investing.
cipla brekout long trend + big candle channel on weekly chartcipla has broken trend line on weekly chart
big candle channel is developed
stock taken support on 200 ema
buy this counter with sl of 570 on closing basis
target 616 then 655
enjoy
Cipla
Looks more downside Failed breakout With Good volume
The information is for educational purposes only and does not constitute an offer to sell nor a solicitation of an offer to buy any security which may be referenced by me. The information provided through my charts is for personal, non-commercial, educational use and display.
Cipla - Important Support + Double Wedge NSE:CIPLA is at an important support tracing back to 2014.
It's currently trying to overcome it and has a positive market structure with good trend strength.
As you can see it is having 2 rising wedges forming, a smaller one inside the bigger one .
Indicating a very good sign of bullishness.
One should expect upside and look for long trade opportunities.
BUY Cipla,trading at channel supportCIPLA has been gradually trading upward in a channel and it approaching support,traders may go long at 570 with a target of 610 in near term with SL 560.
CIPLA BREAKOUT SETUPIt is been observed on the Weekly and Daily chart that the price action is breaking out from a downward channel as well as from pitchfork lines, indicating a further move up.
Target: 600
Stoploss: 578
CIPLA may go further down.CIPLA has been retesting resistance but unable to breakout upside, it seems to be approaching the crucial 50% fibo level around 537 in near term, it is trading inside the bar and may to downward. traders may go short CIPLA for a target of 537 in near term.
Cipla potential positional buying setupCipla after a steel fall and steep recovery & hovering at crucial retracement level (50% fibo level) has formed a bullish pennant. it is on the edge of breakout of pennant if breakout occurs there may be a positional buying opportunity with a target of around 650 in near term. traders may enter long at or after 570 level with a target of 650.
Head & Shoulder CIPLACipla traded and closed below the Neckline of recently developed Head & Shoulder pattern. The pattern is self explanatory so need not to elaborate here.
Cipla - Burst Downside It is been observed that the price action formed a big symmetrical triangle on hourly chart. Now the price action breaks and closes below the symmetrical triangle trendlines, indicating a confirmation on further bearishness ahead.
Target 1: 563 (next support levels)
Target 2: 550 (As per triangle measurements)
Stoploss: 590
Cipla possible Elliott CountCipla seems to have completed an extended zigzag and has now resumed it's uptrend. However, for an entry can wait for a higher degree correction. That'd lead Cipla above it's all time high.
Cipla Breaks above previous Resistance - (Buy)There is a strong price action observed as it breaks out from the previous resistance of 565 and as well breaks from the rectangular consolidation or correction phase. It is good time to join the rally.
Cipla : Ascending Triangle waiting for Breakout !The plan is simple here, just we are gonna enter CIPLA in breakout direction...
Happy Trading !
CIPLA - Breaking out of FLAG PATTERN (T1 570, T2 600)After long continuation downtrend, yesterday the price action breaks through the downward trend line with hugh volume and also at the same time breaks out from a short Flag pattern. It signals a strong trend change and a bullishness in price action. The price action shall move towards the previous support at 570 levels and another strong support at psychological levels of 600.
Good time to enter in long swing trades with stop loss of 520
Ascending Triangle Breakout : Wait for Breakout ! Cipla is consolidating for longer-time in hourly timeframe also, so I expect the breakout to be wild one atleast on 15mins, lets see what happens.
Happy Trading ! Happy Monday - Only we traders have guts to say Happy Monday :)
CIPLA - Getting Weak (Channel Breakout)After a breakout from a upward trending channel, it seems there is a correction shift in the price action. From the current breakout levels it is measured that the price action will go towards the next support levels. It is good time to short with Target:508-504 Stoploss 528
