Cipla - BullishStock now resting at previous support area
Which also happens to be a flip zone
Area can be read as 1550-60
Quite possible stock may take a break here before starting upward journey
Any close below 1545 will negate the view
If sustains stock may at least try to reach previous high of 1700
Risk reward is excellent, trade accordingly
Better to wait for at least 1 good candle in Hourly TF
Ciplaltd
CIPLA BULLISH VIEWCIPLA
Now is the right time to invest in cipla
Cipla is ready to break out the resistance trend line
Volumes are also good
my first target@1540
Second target@1660
Stop loss@1317
Disclaimer:
I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Happy trading.
Cipla Ltd. engages in the manufacture and distribution of healthcare products and bulk drugs. It operates through the following segments: Pharmaceuticals and New Ventures. The Pharmaceuticals segment develops, manufactures, sells and distributes generic or branded generic medicines as well as active pharmaceutical ingredients. The New Ventures segment includes the operations of the two wholly owned subsidiaries, Cipla Health Ltd., a consumer healthcare company and Cipla BioTec Pvt. Ltd, which is into the business of Biosimilars. The company was founded by Khwaja Abdul Hamied in 1935 and is headquartered in Mumbai, India.
so please keep CIPLA in your watchlist for long term investment.
If yoU like my view, do support it with a boost witch is valuable inspiration for me to post ideas like this in future. thank you friends!
Cipla Ltd 1 day time frame Cipla Ltd formed a head and shoulder pattern then beware to buy this stock it's hardly chance to break this pattern and it will go to downfall
If you short this trade then mark my entry and sL
And hope so trade will succesfull but
We will buy this trade above 1160
And this short trade are shown this analysis
NSE CIPLA: Price Action AnalysisCipla 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 the parallel channel.
Price will make a new low after the breakdown of the parallel channel with heavy supply pressure.
I will Update further information.
Cipla forming a pattern on higher time frame.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 the price action near the levels and enter the trade with confirmation.
It can be a swing if a daily candle closes above the trend line.
Cipla trading in a narrow range.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 traders enter once an hourly candle closes out of the range.
Simple Trade Setup | CIPLA | 07-03-2022 [INTRADAY]NSE:CIPLA
Observations:
1) On 15min chart, we can see acending trianlge pattern.
Please refer below chart : 15min Time Frame.
-------------------------------------
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 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.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | CIPLA | 02-02-2022 [INTRADAY]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) On 15min time frame, we can see it has the support channel. breakdown of this channel can give intraday fall.
Please refer below chart : 15 min Time Frame.
-------------------------------------
Trade Setup for 02-02-2022
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 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.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | CIPLA | 26-10-2021 [ INTRADAY]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 support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | CIPLA | 25-10-2021 [ INTRADAY]NSE:CIPLA
Observations:
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 support. If it goes down from CMP and gets support from 880 then on breakout of 900 level will be good safe buy for positional trade.
Please refer below chart : 1day Time Frame.
-------------------------------------
Trade Setup for Date 25-10-2021:
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 support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | CIPLA | 15-09-2021NSE:CIPLA
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.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL.
Simple Trade Setup | CIPLA | 08-09-2021NSE:CIPLA
Observations:
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 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.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Please be noted that stock might not reach the ultimate level or it might also go further than the ultimate level. One can book profit or SL as per their own strategy.
Cipla Upperflag Breakout or Breakdown for Intraday ?=> Resistance 947
=> Support 908
*Always Enter With good confirmation & Maintain proper Risk Reward.
******* Knowledge Purpose only ********
>> Visit My Ideas Page for Daily Stock Analysis & check my previous stock analysis how accurate they are for Swing and Intraday Trades<<