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Cipla

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
Simple Trade Setup | CIPLA | 26-10-2021 [ INTRADAY]NSE:CIPLA All the levels and most of the trade setup still remains the same as per previous. Trade Setup for Date 26-10-2021: 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
Simple Trade Setup | CIPLA | 25-10-2021 [ INTRADAY]NSE:CIPLA Observations: 1) On daily time, it close just above 200DMA. Generally 200DMA works as major support. If it gets support from 200DMA then we can see good bounce from this level. It closed between two critical level which were working as major support in past. Level 900 which was recent previous major support. Level 880 is critical major support. If it goes down from CMP and gets support from 880 then on breakout of 900 level will be good safe buy for positional trade. Please refer below chart : 1day Time Frame. ------------------------------------- Trade Setup for Date 25-10-2021: 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