CIPLA trade ideas
ciplaprice may take reversal at this point as its on support line and made double bottom in 1 hr time frame as well as psychological level...... its my analysis and educational purpose only ...
Head nd sholder pattern in cipla.aggresive traders can take entry at cmp. safe traders wait for breakout of resistance. just keep market trend in mind.
CIPLA LONG FOR INTRADAY AND SWINGDREAM LEVELS FOR CIPLA INTRADAY AND SWING
WILL SHOW RETRACEMENT ON TRENDLINE TOMMORROW AND THEN GO LONG
BULLISH ON RSI
STRONG MOMENTUM EXPECTED IN ADX
BULLISH ON MACD
HUGE VOLUME BUYING!!!!!!!!
NSE:CIPLA
Cipla trading within a channelCipla trading within a channel. If channel breakout and fibonacci extension the overall growth is almost double to 1600 plus
*** Purely personal analysis ***
Investment in securities is subject to market risks. Kindly consult your financial advisor before investment
Trendline Breakout-CIPLABuy zone-Break Trendline
Target- 838
Duration - 2 weeks
Thank You.
Disclaimer: Don't just blindly Trade or Invest, learn and then trade. Manage your risks properly.
This analysis is purely for EDUCATIONAL purpose
CIPLA Buy and hold for 3 monthsMy view:
Big parties buying with huge volume at 800 Rs. The level they may have a view of selling the CIPLA at a higher level.
800 was resistance and now taken support at this level. Now Flight is ready for him.
GET SET GO CIPLA!!!
CIPLA LONG.....Above 829
Support at 700
weak below 700
target at 890-940
respecting 50SMA
above all important moving average
good volumes in last few sessions
CIPLA - Near Ascending parallel channel resistance zone R3CIPLA is approaching Ascending parallel channel resistance zone R3 at monthly Time Frame
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Disclaimer : All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
