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Cipla

CIPLA Short Dark Cloud Cover On a daily chart, Cipla has formed a dark cloud cover pattern near its resistance. RSI shows a descent away from the overbought zone back into the middle, giving us a leading indication that the stock might correct. The trade should only be executed if; 1) The volumes are slightly higher than the average of the past 7-10 days because that is when the maximum movement has occurred recently, 2) The opening on 21/03 is almost at par with the previous close of 1048. The stop loss for this trade is around 1/2 of daily ATR, which is slightly above the resistance as it gives some wiggle room for the stock, and the target is 1.5 of daily ATR at 1004, which is a bit far from the next support level at 984 due to 2 reasons; the overall market is on an uptrend for the past few days so we might get some buying sentiment as well in Cipla, and also because of any new developments that may happen with regards to covid-19 which may trigger a bullish sentiment in the pharma sector. Hence, the target is not kept overambitious, and the risk/reward ratio is promising at almost 3.
NSE:CIPLAShort
by arj18028
LAURUS LABS - Important support/resistance levelsKey highlights: - Marked out a few important horizontal S/R levels in order to give a better idea to the new learners. - Do not trade in between the levels, always trade level-to-level. - It is continuously taking resistance from 200MA, indicating a shift in apply to higher levels. - It may soon breakout above 200MA because the supply is getting absorbed. - Wait for a pullback towards 550 zone or wait for a breakout of 590. Disclaimer: This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk. Happy learning. Cheers! Rajat Kumar Singh (@johntradingwick) Community Manager (India), TradingView
NSE:LAURUSLABSLong
by johntradingwick
CIPLA - Important support/resistance levelsKey highlights: - Marked out a few important horizontal S/R levels in order to give a better idea to the new learners. - Do not trade in between the levels, always trade level-to-level. - Consolidating for the last 1 year. - The parallel channel has a width of about 107 points. - Using the measurement objective, the upside breakout target of the parallel channel lies somewhere near 1090. - The price is well above 200 MA cluster, hence the bias is positive. - Any pullback towards 950-970 seems like a good buying opportunity. Disclaimer: This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk. Happy learning. Cheers! Rajat Kumar Singh (@johntradingwick) Community Manager (India), TradingView
NSE:CIPLA
by johntradingwick
GAELDear Traders, I found a good stock which can show big 20% Momentum within a week maybe. So, please consider it and analyse it as it already has broken the 52 Week high and got out of channel pattern. People, after breaking channel pattern and previous high on up-trend stocks generally shows great momentum with good volume. So, you can also ride in this rally. Simillar patterns in, BSE, CIPLA and GNFC. You can analyse them too for reference purpose. Guys, Have a good day.
NSE:GAELLong
by HanumanBhkt
2
Cipla Breakout1. Buy or Sell at your own risk 2. Don't risk more than 1%-2% of your capital as stop loss 3. Position Size formula:- Stop Loss/(Buy Price-Initial Stop Loss Price) 4. Either sell on initial stop loss hit or when closes below weekly supertrend After a TTM Sales and Profit growth of 11.5% and 15% respectively and after receiving an approval from the Subject Expert Committee (“SEC”) of the Central Drugs Standard Control Organization (“CDSCO”) to conduct local trials on anti Covid-19 pill Paxlovid, NSE:CIPLA has given a breakout with higher than average volume. The breakout came after a long consolidation since Jun'21. It's a buy with a stop loss at Rs.979.
NSE:CIPLALong
by akashbothra
Intraday Trade: watch for range breakoutbuy above 1000 in intraday safe above 1005 For stoploss in Intraday use 5 minute chart and see nearest support. for target use 5 min chart and fibonacci pivots as i don't keep predefined target. try to book partially and trail. Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis NOTE: For Gapup or bo before 9:20 If gapup is more than 1% from bo level than avoid completely. if less than 1% or gives bo before 9:20 than wait for first 5 minute candle and entry above 5 minute candle and revised SL below candle Low.
NSE:CIPLALong
by stockkar
1
CIPLA: BULLISH FLAGStock is has formed a bullish flag pattern on weekly chart being the support region near 850 zone & resistance area at 1000 zone. Any sustained move above the level of 1000 will lead the stock to the new highs in a very sharp upside rally. Stock is consolidating from last 1 year , so the momentum after the breakout wil be strong. Trading strategy: Buy above 1000 with SL of 920 and look for the immediate target of 1100 and 1150. The measured bookish target for the bullish flag is coming about to be in the region of 1250.
NSE:CIPLALong
by TradingSutra
1
Simple Trade Setup | CIPLA | 07-03-2022 [INTRADAY]NSE:CIPLA Observations: 1) On 15min chart, we can see acending trianlge pattern. Please refer below chart : 15min Time Frame. ------------------------------------- Trade Setup for 07-03-2022 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:CIPLA
by Trading_hawk