Cipla 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...
Note: This is for educational purpose only. There seems to be a bearish RSI divergence pattern in CIPLA in daily charts.
It's pretty clear in the charts, Have a look.
I 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...
Reasons: 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...
Note: 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.
One 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 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...
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.
Sell Cipla below - 589 SL- 601 T- 570
INTRA-DAY SHORT TRADE IN CIPLA MAY FUT SHORT@610.45 STOP@616.45 TARGET@602.45 QTY=3450 RATES ARE AS PER SPOT PLEASE ADJUST FOR FUTURES
NSE:CIPLA The current spot is on support and resistance level tested multiple times; the added advantage is its a downtrend.
Weekly is showing a halt in the continued DT. Price below 50 EMA. The weekly zone is proving important in Daily. I am seeing 4 rejections. Yesterday price closed below the 50 EMA. We can see 6 back to back red bars, giving a nice bear picture. In the 75 min, price broke the level of 467 on 6th Jan and is giving a nice pullback to test it with two wick...
CIPLA has been trading in a range for almost 5 years now ( Look at the chart) But, now I think we might see a new trend- Potentially a bear one. The problem with most traders is they think "indicators are everything" which is simply not true . A fancy cluttered chart with 10 indicators doesn't mean accuracy at all. I think you can trade with just basic tools,...