cipla have formed a very good head and shoulder parttern lets hope we can short sell it tomorrow, one thing you should keep in your mind is this parttern is formed on daily timeframe meaning that it well more powerfull and effective but if it goes up then you should wait few hours or days one thing i know is this partern is definetly going to ork keep your keep...
Cipla Ltd. (CIPL) @breakout level
Strong breakout with volume break out and momentum created in day chart.
breakout for long. so strong upside are coming.
BUY above 1052
NEXT TARGET 1067.40,1092.40,1110.3
Time to go for long, get ready to catch the profit. Thank you.
KINDLY SWITCH TO 5MIN TIME-FRAME
Used past analysis to find support and resistance level on 15min time frame.
Once marked, waited for breakout or breakdown.
As Cipla breakout, ON 5min Time-frame. A fake breakout green candle formed. And hence reversed back.
Again breakout on 5min Time-frame, then waited for pullback back. A Hammer candle formed at 10:25.
CIPLA LTD seems Inverted Head & shoulder pattern. It's strong bullish pattern. Price breakout the neckline at 985. Now its rally move towards upward resistance. keep concentrate for the price sustain above 985 in daily chart.
Here is Trade set up in CIPLA as per HARMONIC BAT PATTERN, We can enter in Cipla above 911 for the Target of 972 and 1014 if price go below 860 this set up will not valid.
Cipla has formed a downtrend channel for two months. Prices are moving below 200 EMA , which indicates a bearish atmosphere. We can see a downtrend channel on the 4-hou r timeframe chart.
Currently, the price has taken support at the lower band of the parallel channel. It has made a range at 938. If the price sustains above 938 , It can touch the upper band of...
Cipla has been consolidating in a narrow range and is near a break out of trend line.
The stock is forming a inverted head and shoulder pattern on higher time frame (4 hour).
The moving averages are close and stock has been taking support from its 200 ema.
Support :- 963, 941
Resistance :- 988, 1008
There can be a moving averages bullish cross over.
Cipla has been trading in a range from 22/03/22.
The volume seems to drop and the range is a accumulation zone.
On daily time frame, the price is around its 20 ema look for the break out and once the levels are broken the stock can give a good move on either side.
Support :- 1005,987
Resistance :- 1045, 1068
The stock can be added for a swing trade and intraday...
#NSE:SUNPHARMA trading bullish @ 2015 resistance level, last month tried to BO, and retraced for a month, now again trying for BO with good volumes.
All potential levels marked on chart for LEarning.
Sharing the potential levels daily like this, If you like the analysis, hit the like.
Cipla after breakout is consolidating in a narrow range.
The stock looks bullish to me but can break down due to the volatility in the market.
Support :- 1036, 1008
Resistance :- 1080.
The stock can form a double top pattern or might touch new ATH.
#NSE:CIPLA levels shared on 8th with levels marked, just done minimal retracement & CIPLA blasted with high volumes post BrekingOut key level,
Classic example of Pure Price action BO.
Felt happy by seeing all the traders profits, Kindly don’t forget to maintain Strict SL while entering this type of trades.
Attaching previous chart shared.