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CIPLA LTD.

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CIPLA trade ideas

Simple Trade Setup | CIPLA | 25-10-2021 [ INTRADAY]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 support. If it goes down from CMP and gets support from 880 then on breakout of 900 level will be good safe buy for positional trade. Please refer below chart : 1day Time Frame. ------------------------------------- Trade Setup for Date 25-10-2021: 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 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.
NSE:CIPLA
by Trading_hawk
FALLING WEDGE IN CIPLA Falling Wedge When a security's price has been falling over time, a wedge pattern can occur just as the trend makes its final downward move. The trend lines are drawn above the highs and below the lows on the price chart pattern can converge as the price slide loses momentum and buyers step in to slow the rate of decline. Before the lines converge, the price may breakout above the upper trend line. The descending wedge pattern appears within an uptrend when price tends to consolidate, or trade-in a more sideways fashion. Connecting the lower highs and lower lows will reveal the slight downward slant to the wedge pattern before the price eventually rises, resulting in a falling wedge breakout to resume the larger uptrend.
NSE:CIPLALong
by timetravellerfromfut
CIPLA Head & Shoulders pattern in formation?CIPLA is in the process of forming a Head and Shoulders pattern on the Daily chart. The left Shoulder and the Head are already complete we are possibly around the right Shoulder. If true, price can retrace to the baseline at 880. Trading here can be risky as we are in the middle of pattern formation and it may be invalidated at any point above right Shoulder. Only risky traders may enter short with stop above the right Shoulder. Otherwise better to let the pattern form completely and place trades then.
NSE:CIPLAEducation
by vipulmehta817
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