Cipla taken Multiple support at previous resistance level of 1415 - 1420.
Morning star pattern observed near support, along with positive reversal in momentum.
Entry was today @ 1440 with a stop loss @ 1415 and a target of 1500, 1505, 1510.
Happy Trading,
Cheers,
Yamini Prabu
NISM Certified TA,
Independent Trader/Trainer.
KINDLY SWITCH TO 5MIN TIME-FRAME
Used past analysis to find support and resistance level on 15min time frame.
Once marked, waited for breakout or breakdown.
As Cipla breakout, ON 5min Time-frame. A fake breakout green candle formed. And hence reversed back.
Again breakout on 5min Time-frame, then waited for pullback back. A Hammer candle formed at 10:25.
As...
Hello Friends,
Here is Trade set up in CIPLA as per HARMONIC BAT PATTERN, We can enter in Cipla above 911 for the Target of 972 and 1014 if price go below 860 this set up will not valid.
Happy Trading.
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 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
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...
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)...
Hello Friends,
Here is CIPLA Trade set up for the tgt of 980 to 990 entry near 921 with stoploss near 900 closing 1 hour candle basis its Risk Reward is 1:3.5 .
Thank you,
Happy Trading.
Intraday pick for Tomorrow - 05-01-2022
Stock name : CIPLA
Time frame : 15 minutes
Wait for proper breakout and retest for entry.
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Hello traders, the last trades are performing well Jswsteel made a high of 692 after the breakout but the targets are bigger and we are waiting for naukri to confirm support from trendline.
Now Cipla is following its channel type...
if cipla comes in the demand zone its very good opportunity to go long. this is very good demand zone on basis of option chain & put call ratio is very high.
if you want zones of your stock please comment.
Cipla is simply Trading Short term within the Box Pattern.
Falling line will be decisive factore along with the Mid line of bod for Buy and sell entry
Buy above 918 TGTS will be 938/960/1000 in shortterm
sell move will be depended on falling line,mid and upper line of the BOX
As i always recommend flow with the Market be a Bullear all linear lines and pattern...
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...
![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 | 02-02-2022 [INTRADAY]](https://s3.tradingview.com/h/homSEZ4W_mid.png "Simple Trade Setup | CIPLA | 02-02-2022 [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]")