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.
Hi Traders,
Cipla has broken the triangle pattern in Daily time frame and expected to reach 1160 levels.
Its an opportunity for Short term BUY.
Buy above 1010 - SL 950
Thanks
Hello Friends,
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.
Happy Trading.
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.
Wait for...
Expecting a sharp recovery in Cipla stock. RSI in V form can be seen on daily charts & Re-test can be seen at support level on weekly candles. Good risk to reward ratio. Long entry can be taken above the level of 980 for the target price of 1070 with SL of 945. This is for your educational purpose only.
Cipla is sitting @978.40.
I will be bullish once Resistance was taken out.
If 980.35 was taken out then definetely will coming target soon.
Target 1: 1001.40
Target 2: 1019.65
Target 3: 1036.50
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...
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
#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.
Happy LEarning.
NSE:CIPLA
#NSE:CIPLA trading bullish near to resistance, showing bullish up swing trending momentum in stock.
Potential levels marked on chart.
Happy LEarning👍
Stock is has formed a bullish flag pattern on weekly chart being the support region near 850 zone & resistance area at 1000 zone. Any sustained move above the level of 1000 will lead the stock to the new highs in a very sharp upside rally. Stock is consolidating from last 1 year , so the momentum after the breakout wil be strong.
Trading strategy:
Buy above...
Cipla
It is taking support on previous support zone on 1day(daily) basis. It closes with big green candle and volume is also high. We may expect bullish movement in coming days.
Hello Friends,
Here is CIPLA Trade set up for the tgt of 980 to 990 entry near 921 with stoploss near 900 closing 1 hour candle basis its Risk Reward is 1:3.5 .
Thank you,
Happy Trading.
