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Cipla

Simple Trade Setup | CIPLA | 02-02-2022 [INTRADAY]NSE:CIPLA Observations: 1) On 1 day time frame, We can see that it made double bottom pattern and now it is near the neck line of it. But today it made Doji candle with closing below this neckline. If tomorrow or in coming days it gives the breakout of either side then we can see the momentum on that side. Please refer below chart : 1day Time Frame. 2) On 15min time frame, we can see it has the support channel. breakdown of this channel can give intraday fall. Please refer below chart : 15 min Time Frame. ------------------------------------- Trade Setup for 02-02-2022 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
CiplaCipla, this stock has witnessed long consolidation in wave II and it closed below 50WEMA for a brief while, and also closed below good support level, and then stock has witnessed sharp pullback, fortunately, we can say that it was fake break down. In terms of wave counts, the stock is in circle wave 3, within that it is further getting subdivided. wave II of 3 is possibly over and wave III of 3 may now unfold. One can go long at current levels or in dips (if any) with stop loss of recent swing low of 847. fake break-down and again pull back seen all the key levels are mentioned on chart weekly wave structure looking good macd in daily positive and uptick Disclaimer. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
NSE:CIPLALong
by RK_Chaarts
2
CIPLA to reach 924 - Short then LongAs we can see in the above chart, CIPLA is rising for the past few weeks, and it might be up to the Daily Supply Zone. It will come down, and even though the Demand Zone is of 75 Minutes, it has the support of the 20 EMA also, which makes sure that the price might take support there. Also, the 8 EMA is above the 20 EMA, showing the chances of the price to retreat to the demand zone from the supply zone, and then to rise up again. Also, the 75 MIN Trend is up, which makes it easier for us to buy at the demand zone. So, it is short, then long.
NSE:CIPLA
by Tejas_Agarwal
CIPLA ready for RALLY?If you find the post intresting and helpful please like the post and do give me a follow for future trades on stocks & indices. Hello traders, the last trades are performing well Jswsteel made a high of 692 after the breakout but the targets are bigger and we are waiting for naukri to confirm support from trendline. Now Cipla is following its channel type formation and took the resistance and came back down now it's again at the levels from where it's gave a rally for the upper resistance 4 times. It's proven to be a good demand zone and I am expecting a good rally again from this spot. According to price action the buying levels are. Buy - Near 900-905 Targets mentioned above in the chart.
NSE:CIPLALong
by this_is_shoaib
Intraday Trade: watch for range breakdownshort below 875 in Intraday For stoploss in Intraday use 5 minute chart and see nearest resistance. 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 Gapdown or bd before 9:20 If gapdown is more than 1% from bd level than avoid completely. if less than 1% or gives bd before 9:20 than wait for first 5 minute candle and entry below 5 minute candle and revised SL above candle high.
NSE:CIPLAShort
by stockkar
1