Cipla Monthly Chart:
Looks intresting.
Currently trading just below long term trend line after a long consolidation period from 2014-2020.
If it breaks we may see 2004-2014 move in this
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...
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...
Cipla is sitting @978.40.
I will be bullish once Resistance was taken out.
If 980.35 was taken out then definetely will coming target soon.
Target 1: 1001.40
Target 2: 1019.65
Target 3: 1036.50
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...
Cipla after breakout is consolidating in a narrow range.
The stock looks bullish to me but can break down due to the volatility in the market.
Support :- 1036, 1008
Resistance :- 1080.
The stock can form a double top pattern or might touch new ATH.
NSE:CIPLA
#NSE:CIPLA levels shared on 8th with levels marked, just done minimal retracement & CIPLA blasted with high volumes post BrekingOut key level,
Classic example of Pure Price action BO.
Felt happy by seeing all the traders profits, Kindly don’t forget to maintain Strict SL while entering this type of trades.
Attaching previous chart shared.
Happy LEarning.
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...
Intraday pick for Tomorrow - 05-01-2022
Stock name : CIPLA
Time frame : 15 minutes
Wait for proper breakout and retest for entry.
For more trading content follow us on ( @tradechefofficial )
Cipla is making a falling wedge or descending traingle pattern. Either way we will wait for the breakout or breakdown.
We are looking for buying setup but only when we get good breakout with good volume. Target would be 942
Cipla, this stock has witnessed long consolidation in wave II and it closed below 50WEMA for a brief while, and also closed below good support level, and then stock has witnessed sharp pullback, fortunately, we can say that it was fake break down.
In terms of wave counts, the stock is in circle wave 3, within that it is further getting subdivided. wave II of 3 is...
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...
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...
EXPLANATION : This is a 4 hour time frame chart of CIPLA . It has been in a consolidate for days and has formed an Ascending Triangle Pattern . If give a strong breakout and broke its supply zone with high volumes and retest the same , I am bullish on CIPLA . Demand zone marked in chart we Plan to short below this zone price closing .
If you like this analysis...
NSE: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...
CIPLA ke baat kre to 200 EMA support liya hua hai aur market up jane ke liye ready ho rhai hai , hmm to bole ge ki jab market 960 ko brack kre to buy kre ge aur 200 EMa ko bara support dikjeye to buy kr lena chiye aut fist 960 t1 bana chiye ok
Cipla,
this stock tested weekly lower bollinger band and bounced back sharply recently, also positive crossover has done in the weekly oscillator stochastic indicator.
the wave structure suggests that it is in a larger degree wave 3 which is getting subdivided.
within wave 3, the stock has completed wave I and II and it is currently in wave III of 3, as wave III...
![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 | 26-10-2021 [ INTRADAY]](https://s3.tradingview.com/8/8EOJ4tTA_mid.png "Simple Trade Setup | CIPLA | 26-10-2021 [ INTRADAY]")
![CIPLA: Simple Trade Setup | CIPLA | 25-10-2021 [ INTRADAY]](https://s3.tradingview.com/t/tUqPAkzn_mid.png "Simple Trade Setup | CIPLA | 25-10-2021 [ INTRADAY]")
