KINDLY SWITCH TO 5MIN TIME-FRAME
Used past analysis to find support and resistance level on 15min time frame.
Once marked, waited for breakout or breakdown.
As Cipla breakout, ON 5min Time-frame. A fake breakout green candle formed. And hence reversed back.
Again breakout on 5min Time-frame, then waited for pullback back. A Hammer candle formed at 10:25.
As...
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...
NSE:CIPLA
Observations:
1) On 15min chart, we can see acending trianlge pattern.
Please refer below chart : 15min Time Frame.
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Trade Setup for 07-03-2022
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...
NSE:CIPLA
Observations:
1) On 1 day time frame, We can see that it made double bottom pattern and now it is near the neck line of it.
But today it made Doji candle with closing below this neckline. If tomorrow or in coming days it gives the breakout of either side then we can see the momentum on that side.
Please refer below chart : 1day Time Frame.
2)...
if cipla comes in the demand zone its very good opportunity to go long. this is very good demand zone on basis of option chain & put call ratio is very high.
if you want zones of your stock please comment.
NSE:CIPLA
All the levels and most of the trade setup still remains the same as per previous.
Trade Setup for Date 26-10-2021:
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...
![CIPLA: Simple Trade Setup | CIPLA | 07-03-2022 [INTRADAY]](https://s3.tradingview.com/w/wILlcrFy_mid.png "Simple Trade Setup | CIPLA | 07-03-2022 [INTRADAY]")
![CIPLA: Simple Trade Setup | CIPLA | 02-02-2022 [INTRADAY]](https://s3.tradingview.com/h/homSEZ4W_mid.png "Simple Trade Setup | CIPLA | 02-02-2022 [INTRADAY]")
![CIPLA: Simple Trade Setup | CIPLA | 26-10-2021 [ INTRADAY]](https://s3.tradingview.com/8/8EOJ4tTA_mid.png "Simple Trade Setup | CIPLA | 26-10-2021 [ INTRADAY]")