CIPLA "Udega" Trade || Daily Time FrameA good Swing trade to consider, shoot any doubts if you have.
Ciplashort
cipla -For -11.06.20211. Good to buy above 977, Targets- 1493,1500, SL-1480
2. Sell below 970, Targets - 962, 955, SL- 976
3. void if opens big gap up or gap down
CIPLA "W" Pattern Downfall TGT @925/920The chart, clearly shows Cipla forms an uneven "W" pattern and faces resistance on a higher level. So we can Keep an Eye for Selling.
Best Setup to Trade.
At the opening of the market right at 9:15, if CIPLA opens with the price of ( 934 - 930 ) we can place a trade on breaking of the previous day Low( 930).
Once it breaks we can put up a target of quick 4-5 points based on your Risk-Reward ratio.
With this setup you can achieve the target very quick as 9:15 we get very high momentum moves / volatile.
** IGNORE if Gaps up / Gaps down too much below the mention selling level.
This is my Everyday Quick Setup I shared with a small analysis, you can make your own setup and trade.
CIPLACIPLA is in Good Consolidation.
Good Opportunity To Long/Short It Depends On Monday Market Behaviour.
Cipla Breakout Trade For 22-02-2021 Cipla Test 800 more then 4-5 Time With Strong Support
We Can Short Below 795
Target As Mention In Chart
This is Educational Purpose Only
Cipla sell on rise or without riseCipla is in the completion of the 5th wave ( e wave ) of the greater degree wave C .
wave e always has five waves within .
Stoploss is marked in the chart,
play this by Options or by futures ...
My strong conviction for this trade
Posting here to have a demonstration of how we take trades based on Elliott wave principles.
For paid works your discussions and enquiries are welcomed .
JAI HIND
CIPLA - RSI Bearish divergenceNote: This is for educational purpose only.
There seems to be a bearish RSI divergence pattern in CIPLA in daily charts.
Cipla ShortI hope you can now see how Cipla represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
Cipla's stock price might get correctReasons:
1. Yesterday stock price was refused from 2.61 Fibonacci Level (calculated from last low 350)
2. Price is out of ellipse, wait for 630 level to get break down
3. Volume down
4. RSI High, Lose of strength
Trading Strategy
Probable short targets with Fibonacci retrenchment and support levels
562 (50%)
522 (20%)
482 (30%)
take out the position if you find 3,4 days consolidation at these levels
Entry : 620
Exit : 630
CIPLA - Bearish RSI DivergenceNote: This is for educational purpose only.
There seems to be a bearish RSI divergence on CIPLA which mean the higher high formation is not supported by the RSI indicator.
SHORT CIPLAOne should wait for Cipla to reach this level first. Entry will be very important in this case!!
There is a huge gap which can be filled.
CIPLA - Probable Downfall in coming session(s) - POSITIONALCipla seems to have a bearish sentiment. Broken the Channel and the Monthly zones with good volume . Expecting it to fall further (a retracement to the red line is quite possible). Will be entering short basis candlestick pattern and if it shows rejection below the red line for a TGT of about 521-525.
Entry would be mostly around 585 (near to the red line, if retracement is seen), SL above 603.5, TGT: 521-525.
Disclaimer: These are just my views, I am only SHARING my views - kindly do NOT trade blindly with these levels, please do your own research before entering/ or as per advice from your own financial adviser.
Note: All the values given are in CIPLA spot price chart. And also please note this is Positional analysis and is NOT for intraday
This can be followed by a long entry later on after completion of a Harmonic Pattern , will be updated later if a good entry is seen
THIS WAS PUBLISHED A WHILE AGO, BUT SEEMS NOT PUBLISHED IN REGIONAL WEBSITE OF TV, therefore again publishing the same idea.
Cipla at Trend Line Support NSE:CIPLA
Cipla is currently at important Trend Line Support. If line break you can see big fall or if trend take positive move it will reach as mentioned target point.
