CIPLA trade ideas
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.
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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
CIPLA - BOTTOMED OUTCIPLA BOTTOMING OUT
BUYING CAN BE DONE NEAR 760 - 65 AREAS ...
LOOKS STRONG TILL IT HOLDS 750 PERFECTLY
CAN SEE 820/40 IN COMING WEEKS
CIPLA, Consolidated todayCIPLA – Gave Rs. 9/- per share (live market) from low of selling divergence (blue) candle. Immediate support around Rs. 757 price band!!
Indicator used TE REKAB, it captures reversals in the market.
#TradingEdge Academy
The Indicator used shows Reversals forming in live market, it is a whole setup in its own and is very helpful for beginners. Contact : 8433624173 for more.
This is my personal study & idea. Please take advice from your financial advisor before taking any investing decision based on above chart.
Happy Investing !
Cipla is in a good upside momentum 6:1 RRAggressive traders : Buy now and exit at the upper support, later buy again after retest and trail till target.
Safe traders : Buy only after the retest from the above resistance zone.
Logic : It is in a triangle pattern with strong bullish momentum! Possible upside move will lead to a good risk reward ratio.
Short CiplaCipla makes 3 top formation with RSI divergence which shows pressure of bulls are getting weak. Short the cipla after breaking the Trendline.
INTRADAY LEVELS for MONDAY 19/10/2020ALL LEVELS ARE MENTIONED ON THE CHART. Watch my other charts to understand the simple price action used for all of the analyses.
CIPLA SWING ALERT !!!NSE:CIPLA
The stock is repeatedly testing the 819 level. If it breaks this time, targets as per fib levels will be 853 / 908
(ALWAYS TRADE BASED ON YOUR OWN ANALYSIS, USE OPINIONS ONLY AS REFERENCES)
