A great apportunity to buy the cipla. The market has been cross the trend and retested the trend. The market has obeyed trend line and moved upside↗️. So there is the chance of market to move till 950-1000. So don't miss the chance.
Cipla is currently on a 20 year resistance level and being tested since 7 days with bear-bull combination.
Today's movement it finally gets 20-50 DEMA crossover.
Based on tomorrow's opening, with a pivot at 890.
Above 910 targets can be respectively 920/930 and above 955 can be a big move.
Below the buyers zone where the stock has been tested multiple times...
Cipla is at a short term support zone which was acting as resistance a few weeks back. Good short-term opportunity for a target of 915.
Please Like and follow!
Happy trading :)
Can go long if closing above 923 - Length of old channel is around 475 rs. Next long term target may be in 6-9 mnths should be around 1300-1400. It has sustained above the channel for 2 months; and analysis is backed by blockbuster results posted this quarter.
SL - Weekly closing below 730
Stock formed Flag and Pole Pattern , the flag is broken.
Buy above 920 on daily candle close.
hold long for big rally, 23% rally excepted if Market supports else it fall.
Disclaimer: do trade on own risk
Buy if Price breaks above trendline of triangle & rectangular resistance,
Price on major support and also has trendline on bottom,
Use green lines as TP's,
Fundamentals also Look Bullish ,
www.moneycontrol.com
earning result @ 14/5/21
* symmetrical triangle
* momentum increasing
* range bound between previous resistance & support
buy @ above 910
sell @ below 870
NOTE - (have to sustain at least for 15-30 min)
My fav symmetrical triangle breakout ... upper trendline been tested many times and is clean meaning no gap ups above the line and coming down back into the zone of triangle .... a closing above the line on 15m or u can watch for a good risk at 5 min too depends on your RR ratio and RM system. Take the trade as per
Happy trading :)
