A good Swing trade to consider, shoot any doubts if you have.
Breakout and backtesting (retest) can be seen on weekly timeframe in CIPLA. Can be a good positional pick at around 814-820 zone, for the target of 900 and upper levels. Beware of news as this view of mine is purely based on technicals and breakout lvls.
Hello guys i had find this swing setup in 1D timeframe which made double top and also broken trendline with broken market structure we can short from here with above swing high sl and 1:2 RR tg also plzz do your own analysis before any trade also if you like my analysis plzz like share and follow thank you
Symmetrical triangle pattern formed on Daily chart wait to break triangle then take entry
SHORT CIPLA @965 WITH A SL @985 WITH A TARGET OF 900 WITH RISK REWARD OF 1:3
CIPLA is 10% up from buying price. The buying price was 890
Looking at volumes seems like getting ready for a huge breakout.
Daily price action has formed bearish candle and also close below previous session's low which remains a negative bias. Cipla has formed double top structure in daily chart pattern Now RSI has crossed below 60 level which is bearish also create negative RSi divergence . Below 953 Cipla can fall up to 920 and 900 level. stop loss 972 target1: 920 target2:900.
CIPLA Long Trade, WAIT FOR the Volume confirmation
Go for 6% profit or hits loss of -4% Pure speculation with price action
r:R is 1: 2 Rest as per charts Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all. ======= I use shorthands for my...
Volume Expansion might happen in the coming few days and the breakout of ascending triangle also happens and the target would be reached soon in the coming weeks. This is not investment advice and it is meant for learning purposes only.
CIPLA : Pattern: Channel Trend Pattern Time Frame: 2hr If the Price Broken Below 960 then it might move till 940-923 Level If the Price Sustained above 960 then it might move till 980-1000 Level