CIPLA LTD. stock discussion
CIPLA Daily ChartToday's candle confirms the Bearish Engulfing Candle Pattern. The price could test the lower levels. First support is at 1520 and if broken then the next level is 1480. All with this we also have a declining rsi.
CIPLA According to chart structure the trend is negative. Today we have an inverted Hammer type candle, the price is rejected from the resistance zone.
Personally I am waiting for a short trade the reason is that on the bigger time frames a correction is pending.
CIPLA A big strong red candle gives structural breakdown.
CIPLA will hit new ATH 1550-1560 target soon... hold tight and enjoy the riding to moon
CIPLA Cup & handle weekly Tf & GFS Extreme bullish great then 60- CIPLA LTDNifty Pharma Sector
CIPLA Today the price broke the level of 1200 with a strong momentum. If the price sustains above the level of 1200 then it could test the levels of 1578, which is a swing of about 7%.
CIPLA The price is trading below the long-term group of ema's also we have a bearish cross of ema bands. The degree and nature of separation of both bands indicates price consolidation on these levels. So, we use Darvas Box to trade the instrument.
CIPLA Chart What's your view ? Bullish or Bearish ?
CIPLA for short cmp 1209.40 sl 1267 on daily closing basis for tgt1 1185.25 tgt2 1150.40 tgt3 1083(For 2-3 months)add in between 1220-1260.
CIPLA good result so jumping to sky