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...
Cipla share on support. One can trade for swing as per their trade setup.
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When a security's price has been falling over time, a wedge pattern can occur just as the trend makes its final downward move. The trend lines are drawn above the highs and below the lows on the price chart pattern can converge as the price slide loses momentum and buyers step in to slow the rate of decline. Before the lines converge, the price may...
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 .
If you like this analysis...
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.
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.
Trade Setup for Date 08-09-2021:
1) Don't Jump in to trade at the...
CIPLA ke baat kre to 200 EMA support liya hua hai aur market up jane ke liye ready ho rhai hai , hmm to bole ge ki jab market 960 ko brack kre to buy kre ge aur 200 EMa ko bara support dikjeye to buy kr lena chiye aut fist 960 t1 bana chiye ok
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...
Bullish double bottom pattern along with upside breakout in CIPLA, Add Cipla at 906 to 910 levels. Enter only if it retests, Trade with strict of stoploss of 880/875. Trade is risky as Head and shoulder pattern is also there but I believe It will trap more traders before going down. Also stock has given the breakout of 50 & 100 ema as well. Let's see
=> Resistance 947
=> Support 908
*Always Enter With good confirmation & Maintain proper Risk Reward.
******* Knowledge Purpose only ********
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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...