The current structure suggests that the stock is making a bearish triangle. One should look selling opportunities on any rise with Sl of 985 for the downside targets of 880/850. Th triangles are penultimate waves & the thrust out of the triangle is the last move of any trend. So we can expect reversal in the stock very soon.
CIPLA swing analysis
In above chart we have used1 5 min time frame.
Traders can go for swing trade for this one .
See the movement and Go long or Short after proper breakout and break down
Please put proper stop loss
*We are not SEBI registered
This is only for educational purpose.
Please consult your advisor before making any trade or investment
CIPLA share has already given the breakout today, the stock crossed 967 and closed to 969.
As you see in the chart, share is consolidating from the starting of the September.
Now the time has come, share is already given the breakout, you can buy this share at the level of 971.
Our short term target is 990.
What's your view on this comment below in the box.
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...
LOGIC,LEVEL AND TARGET WELL MENTIONED IN THE CHART
NOTE -The above interpretation from the chart is my personal view and doesn't guarantee any success.
(Do talk to your financial advisor before making any investment decisions)
please like, share and comment if you have any suggestion regarding this analysis
A hammer on weekly and bullish momentum divergence on daily already work in progress could indicate the previous bearish divergence moves is probably arrested at support zone and is likely to move up.stocks could be picked once momentum reaches above bull zones.
Aarti Drugs || Chart analysis✅
✅Parallel uptrend channel
👉This is not a buy recommendation.
👉The stock is in a major suppport,and maybe can see a reversal from current level.
👉Postive Q1 published.
Study well🙏expecting good growth.
ABOUT THE COMPANY...
Since last year AUROPHARMA trading in uptrend channel. In current situation It's trading near its support level and it showing reversal to continue its uptrend. It's best time to go long in AUROPHARMA to upside targets. This pattern will fail if this stock give close below the mentioned support level. Take reference of chart for targets and stop loss levels.