CIPLA trade ideas
Cipla Short Term TargetCipla 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.
Cipla profit booking started Avoid any buy tradeOn Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Strong Bullish on CiplaCipla by sustaining above Previous High,
Its on a Consolidation Phase, Signs of Accumulation.
Buy on Decent Dip too,., Supported by #Sunpharma #Auropharma, Strong from Pharma Sector.
Maintain your Risk Reward.
CIPLAThe first way to spot a possible breakout is to draw trend lines on a chart. To draw a trend line, you simply look at a chart and draw a line that goes with the current trend. When drawing trend lines it is best if you can connect at least two tops or bottoms together.
CIPLA WEEKLY GANN LEVELS CHART UPDATED 25/01/2024 MY FAV INVCipla has gapped up into a cycle zone. We were expecting it as it took support at the exact level where we pyramyded it. September/ October 2023 ample time was given it for entry. Its being one of our favourite picks.
Happy Trading !!!
CIPLA Breakout Mini flag pattern 1. stock breakout resistance level almost 8th time
2. stock retest and create mini flag pattern (10.1.24 goods for interday)
3. stock close high price with green candle
4. volume also build
5. 1329 stock higher price since
6. entry should be 1330
7. target as per you planing
for my side 4% first target
8. Stop loss should resistance level where stock give breakout
CIPLA CIPLA Looks good for Swing or Longterm Investment We can clearly see a Perfect Breakout with Mandatory Retest & Now Stock Ready to Fly further Rally
KEEP ON RADAR
CIPLA LTDFOR LEARNING PURPOSE
CIPLA LTD- I am going to buy this stock.
This is a positional trade for me and the minimum time frame for a positional trade is 2 months.
The minimum target which I am looking from this stock is 35%
This stock is looking great to me and has got good relative strength.
Structure looks good.
CIPLACipla continues it's rally. Price may retest 1270 level. After we can see this rally to 1450. Rally day and month wise bullish.
CIPLA READY FOR 1400/-Head and Shoulder Breakout is seen in stock retest is Pending
On retest we can plan for entry
CIPLA Analysis - Monthly ViewCurrent Formation - Elliot Impulse Wave
1) Wave2 took a support @ 0.5 level of wave 1
2) wave 3 took resistance @ 2.618 level of wave 1
3) wave 4 does not overlap on wave 1 .But it took support @0.618 level of wave3 (Fib
level alone not met Elliot wave condition)
4) wave 5 extended wave
Current Trend: :
Current at Top of parallel channel and Max OI @1300 level of both Jan and Feb series
Buy cipla for target 1365/1500Buy cipla for target of 1365 in 3-4 sessions and target of 1500 in a month
Cipla Head and Shoulders Pattern Breakout AnalysisCipla is currently exhibiting signs of a potential head and shoulders pattern breakout (b/o). This technical analysis pattern often signals a reversal in the prevailing trend. The pattern is characterized by three peaks, with the central peak (head) higher than the surrounding peaks (shoulders). A breakout is anticipated when the stock price falls below the neckline.
Key Points:
Pattern Identification: The head and shoulders pattern consists of three distinctive peaks, indicating a potential shift in trend direction.
Reversal Signal: A breakout below the neckline suggests a possible reversal from the current trend, possibly indicating a downward movement.
Technical Analysis: Traders and investors may use this pattern as part of their technical analysis to make informed decisions on buying or selling Cipla stock.
Caution Advised: While technical patterns can provide valuable insights, it's essential to consider other factors such as trading volume, market conditions, and overall economic trends for a comprehensive analysis.
Disclaimer: This note is based on technical analysis observations and should not be considered financial advice. Investors are encouraged to conduct thorough research, consult with financial professionals, and consider multiple factors before making any trading decisions.
Always remember to conduct thorough research and consider various factors before making any financial decisions. Technical analysis should be complemented with a broader understanding of market conditions and other relevant information.
CIPLA - Cup n Handle breakout - 9% upside potentialCIPLA has formed cup and handle pattern and giving breakout from 1275 resistance levels.
SL: Hrly candle close below 1265.
Target: 1390+
Inverted Head & Shoulder pattern Inverted Head & Shoulder pattern
✅Don't Miss the Setup
CIPLA
+ Big base followed by a Good up move
+ Low Volume during the base Formation
+ Trading above Key EMAs
+ More explanation on the Chart itself
CiplaAgain my favourite pattern. Slanted inverted H&S. This pattern is my invention. Trade is missed though. Just sharing for knowledge. It's on ATH now. Can be taken into consideration if trendline re-test.
Education purpose only.1hour time frame for options trading.. 1 hour time frame breakout of channel it's down trends now.... For F&O
NOTE:- EDUCATION PURPOSE ONLY
Not an advice to buy or sell.
Trade well , and do your analysis before entry.
Thank you❤...
