CIPLA trade ideas
[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.
CIPLA - BEARISH CHANNEL PATTERN FORAMTIONbearish channel pattern formation spotted in the stock. The stock is at important support levels
CIPLA - Buying opportunity NSE:CIPLA RSI divergence with break in trend line and closed above 200 EMA (1H), indicates a good opportunity to buy.
CIPLA TRIPPLE TOPCIPLA has given breakdown as well as made a tripple top. Seems weak for 724/706/686/652
Regards
CIPLA LONG Above 825Closing above 825 can leads to good up move
SMA As a SL(754 closing basis)
also 78.6% fibbo level is near 725
support zone is 725 to 695
bullish in all time frame
comfortably sitting above all important moving average
CIPLA, Strong Rally/Reversal – 15 mins chart!CIPLA after giving a strong upward nosedived to close at 755 ! It reversed from day’s high of Rs. 774.65 which was exactly its near term resistance level.
It gave Rs.10 from the closing low of selling divergence (blue) candle.
Indicator used TE REKAB, it captures reversals in the market.
This is my personal study & idea. Please take advice from your financial advisor before taking any investing decision based on above chart.
Happy Investing !
PS: If you appreciate my study, pls leave a like. My funda is to keep trading simple & stick to your conviction, once you are on the right side of an intra-day trade !!
[Buddha] CIPLA Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
#CIPLA CASH : GOOD ABOVE 775.10#CIPLA CASH
21.10.2020
LOOKS GOOD ABOVE 775.10
AND DIPS 770-772
STOPLOSS 767
TARGET 783-784/792
CMP 768.45
