CIPLA trade ideas
Simple Trade Setup | CIPLA | 02-02-2022 [INTRADAY]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) On 15min time frame, we can see it has the support channel. breakdown of this channel can give intraday fall.
Please refer below chart : 15 min Time Frame.
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Trade Setup for 02-02-2022
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 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.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Cipla Cipla
It is taking support on previous support zone on 1day(daily) basis. It closes with big green candle and volume is also high. We may expect bullish movement in coming days.
Long on Pharma : CIPLA Pharma as sector is hot sector of year. COVID variants disturbs market sentiments but that somewhere works for pharma stocks
BUY ABOVE 950
STOPLOSS AT 900
TARGET FOR 1050
Cipla has making symmetrical triangle pattern Cipla has making symmetrical triangle pattern On daily time frame sustaining above breakout line can give some potential move NSE:CIPLA
CIPLACipla Ltd
CIPLA
Daily Chart Outlook
Date:-27-01-2022
Day Chart,
Chart Made 3 White Soldiers Candlestick
1 HR Chart,
Making W Pattern & Recently Trade-in Strong Resistance line
The Chart is telling in upcoming days CIPLA will Good Opportunity To Buy
This Post Is Only For Education Purpose
Before Investment Money, Kindly Talk With Financial Advisor First.
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CIPLA INTRADAY TRADECUP AND HANDLE formation in CIPLA. We can go long above 200EMA by keeping sl just below the breakout candle or HIGH VOLUME AREA. Targets are mentioned in chart itself.
CIPLA View for next three months.Chances are there that CIPLA will easily crosses above 1000 within three months.
CIPLA Earning and in support zoneCipla seems to have taken good support and now can fly backing on its results
CIPLACipla at support ready for swing trading
even in this falling market it gave a upmove with increased volume
tomorrow bullish candle will be the confirmation of the upmove
only for educational purpose
waiting for the Downward breakoutCipla is about to test the breakout at support where it has took support couple of weeks back.
NSE:CIPLA
CIPLA is heading towards crucial support levelPrice around 880 is very crucial for cipla
To remain bullish, cipla must not break this level
a close below this level will open downward doors for this stock
and we may look for puts or shorting futures
For investment, we can buy around this level with small SL and target 964
TF will be around 400 days
CIPLA BREAKOUT TRADE TGT 980 TO 990Hello 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.
CIPLA Trade Setup for TomorrowIntraday 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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Cipla Impulse ShortAll Levels mentioned on Chart
your part is to manage risks wisely
as you are responsible for your understandings
CIPLANSE:CIPLA
cipla is a very good fundamental company,
stock is supporting the trend line, and in a shorter time frame, it is making rounding bottom.
one can add this stock for the short time period for the target of 997.
