Swing Setup EXPLANATION : This is a 4 hour time frame chart of CIPLA . It has been in a consolidate for days and has formed an Ascending Triangle Pattern . If give a strong breakout and broke its supply zone with high volumes and retest the same , I am bullish on CIPLA . Demand zone marked in chart we Plan to short below this zone price closing .
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Ciplaanalysis
Simple Trade Setup | CIPLA | 15-09-2021NSE:CIPLA
Trade Setup for Date 15-09-2021:
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.
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.
CIPLA: Head and Shoulders breakdown. CIPLA had formed what seems like a head and shoulders pattern, from which it broke down from on 27-07-21. After breaking down from the pattern and range it fell from around 945 level to the 875 level. Since then it has pulled back quite neatly to the bottom of the range and has then created a huge continuation bar to the downside with above average bearish volumes.
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One could take a short positional trade keeping in mind the following levels, do only initiate the trade if the price stays below the "SHORT BELOW" level for at least 15 minutes.
SHORT BELOW: 909
STOP LOSS: 939
TARGET 1: 879
TARGET 2: 849
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Plan your trade and manage risk properly.
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Simple Trade Setup | CIPLA | 08-09-2021NSE:CIPLA
Observations:
1)On 15time frame, it has been consolidating in between 946-956 level range since 06-09-2021.
Breakout on either side will give good move.
Please refer below chart : 15 time frame.
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Trade Setup for Date 08-09-2021:
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.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Please be noted that stock might not reach the ultimate level or it might also go further than the ultimate level. One can book profit or SL as per their own strategy.
CIPLA pre-market intraday analysis and setup🎇Hello Traders👋
Today i have made a post on CIPLA 1hr
I hope you find this post helpful and informative👍
The targets and stoploss would be given in the charts or they would be according to pivot points
Thank You
—DISCLAIMER—
I am not a SEBI registered financial advisor
Please consider your consultant's advise a must , all the setups posted here will be considered as informative and helpful post
I shall not be responsible for your profits and losses
CIPLACipla,
this stock tested weekly lower bollinger band and bounced back sharply recently, also positive crossover has done in the weekly oscillator stochastic indicator.
the wave structure suggests that it is in a larger degree wave 3 which is getting subdivided.
within wave 3, the stock has completed wave I and II and it is currently in wave III of 3, as wave III unfolds , the stock can posiibly rise higher towards 1120.
one can go long at these levels or in dips ( if any ) with stoploss of last swing low 886.
Wave structure
key levels are mentioned on chart
weekly stochastic turned positive
weekly rsi uptick near 60
bollinger and price action in weekly
bollinger and price action in daily
Disclaimer
I am not sebi registered analyst
My studies are for educational purpose only
Consult your financial advisor before trading or investing
Cipla Upperflag Breakout or Breakdown for Intraday ?=> Resistance 947
=> Support 908
*Always Enter With good confirmation & Maintain proper Risk Reward.
******* Knowledge Purpose only ********
>> Visit My Ideas Page for Daily Stock Analysis & check my previous stock analysis how accurate they are for Swing and Intraday Trades<<
CIPLA | ROUNDING BOTTOM PATTERN | SIMPLE INTRADAY TRADE SETUP NSE:CIPLA
CIPLA has made rounding bottom pattern breakout.
Simple INTRADAY trade setup for 02-08-2021.
For buy trade --> Go long above 925. Targets are mentioned on the chart.
For Sell trade --> Go short below 910. Targets are mentioned on the chart.
My personal view is bullish on Cipla. It gave RSI Bullish divergence by forming higher lows in the RSI chart, while candle chart was making lower lows.
Do comment if you have doubt or suggestion.
RSI Divergence in Cipla!!The price action/behavior in Cipla shows that the buyers are strong and have been pushing the price higher which should result in a breakout . There have been multiple retests on the resistance zone / the supply zone . However , RSI shows a clear divergence or in simple words , RSI is making lower highs . Hence it would not be advisable to take a position in Cipla at this moment . Only if RSI shows and up move with strong buyers , price gives a breakout with good volumes , then only one should go long.
CIPLA - 20 YEAR CHANNEL BREAKOUTCan go long if closing above 923 - Length of old channel is around 475 rs. Next long term target may be in 6-9 mnths should be around 1300-1400. It has sustained above the channel for 2 months; and analysis is backed by blockbuster results posted this quarter.
SL - Weekly closing below 730