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Ciplabuy

CIPLA Bullish ViewBullish 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 Note: This is strictly for education purposes. I'm still learning the concepts of stock market. I'm not responsible for your profit or loss. Do your own analysis before taking any positions
NSE:CIPLALong
by hiebro
2
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.
NSE:CIPLALong
by Trading_hawk
1
Positional Analysis for CiplaThe very first pattern you see on the chart is a flag pattern which has given a breakout (I usually wait for last kiss). You can see a 38% fibo rejection at 873 levels which also acts as a support which previously acted as a resistance. Lastly, you can see a breakout from the upper range of RSI i.e, 60 which can be another confirmation for an up move. Sl could be the low of the breakout candle. Target will be minimum 1:2 Note: this is my own analysis and not a buy or sell call, before taking any trade consult with your financial advisor. Happy trading.
NSE:CIPLALong
by rituparna_paul