CIPLA: Positional Levels on chart
Downside has many supports, I won't short pharmas in any case - there are plenty of other short opportunities out there including NIFTY
CIPLA trade ideas
CIPLA bearish trendlineTrendline and the specially designed volume action analysis suggest a Bearish run on the CIPLA.
The background with light green color are indication for bulls taking the position and the Light red background suggest Bears are dominating in the region.
This is my NEXT week analysis on CIPLA two resistance line are there with good volume supporting the bearish view.
will give follow back to all the followers.
Please comment and let me know about my analysis, Follow for more analysis.
Cipla#Cipla... this seems a perfect retracement plus shooting star at resistance TL... Need to watch movement below this candle tomorrow, most probable is Short from here...
Cipla Share on Bullish trend On all TFs Cipla stock is in uptrend. Look RSI is recovering in V shape. Long @ 746 TGT 810 SL 714, Risk to reward ration 1:2:1. Trading above 20 EMA. This is for your educational purpose only.
CIPLA . Looking positiveIt has been trading in a channel. Just above its 100 day moving average. Looking like a positive breakout.
[Bounce] [Intraday] Cipla Buy IdeaDo not buy if it does not break. It is sell trade otherwise. As per the 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.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. Please refer to the link to my footer and explore further if You want.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
I also do my trades live, Please refer to the link to my footer if you want to tail me.
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Weekly levels (5 to 9 October 2020) - CIPLAretracement after bullish volume expansion is on low bearish volume candles. So continuation of of the trend can be expected.
Watchout for trendline breakoutThe stock is moving upwards after making a triple bottom. Looks good above 802 level
CIPLA - Long TradeCIPLA -
1. Surfacing above the cloud.
2. Chikou, the lagging span about to get free
3. RSI support @ 40-45 levels
4. Stock about to move in blue sky zone
Buy with stop loss of lower cloud boundary @ 730
Target of 900 in next 5-6 months.
Material only for educational purposes, assess your risk and enter financial positions.
If you benefit from our material, please consider donating 1% of profits to education of poor.
Ascending Triangle -CiplaIf you are an adventurous trader look for a scalping opportunity otherwise confirm the breakout before go long. Below 744-45 can expect a good fall.
