NSE:CIPLA Today it was trading in the no trading zone. It is now simple to take trade on either side of break. My personal view is bullish on CIPLA. Comment your doubt or suggestion.
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...
∘ Head & Shoulder Pattern ∘ Breakdown & Retest confirmation of downtrend , If fake fall go long target all time high Note : Always be extra cautions with breakout trade with confirmation
A good Swing trade to consider, shoot any doubts if you have.
1. 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
The 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...
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