Ciplabuy
Cipla Upperflag Breakout or Breakdown for Intraday ?=> Resistance 947
=> Support 908
*Always Enter With good confirmation & Maintain proper Risk Reward.
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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.
BUY : CIPLA : LONG : INTRA DAY - Price near 44 MA
- 44MA rising
- Buying Opportunity
with confidence
Note: I am just trader like you, not god or any registered stock advisor.
So I request before taking any position according to my view discuss with
your financial planner or take on own responsibility.
Thanks
#CIPLA #LONG #BUY #INTRADAY
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.
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
Cipla Earnings special analysis | #LetsMakeMoneyTogetherMy fav symmetrical triangle breakout ... upper trendline been tested many times and is clean meaning no gap ups above the line and coming down back into the zone of triangle .... a closing above the line on 15m or u can watch for a good risk at 5 min too depends on your RR ratio and RM system. Take the trade as per
Happy trading :)