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CIPLA trade ideas

Cipla correction will be over by 31st of JanCipla is in last leg of correction of expanding triangle, where it will complete wave e and so thus the Wave C of the Zig-zag at 1372-1371 Possibilities: 1) Cipla's correction will be over by 31st Jan if it completes leg e (1372-1371) 2) Chances are there might be wave e truncation and we will start seeing the trend change, which will be uptrend 3)wave e might slightly overthrow beyond the lower support of the triangle. (around 1365-1368 max to max) All in all its a wait and watch situation for few more days how the wave e unfolds. Disclaimer. I am not the SEBI registered member. This idea is only for educational purposes, if you want to take a trade do your own analysis and decide.
NSE:CIPLA
by swapsachin
CIPLA // LevelsAs of January 2, 2025, Cipla Limited (NSE: CIPLA) is trading at ₹1,529.10, reflecting a 0.01% increase from the previous close of ₹1,529.00. Technical analysis indicates the following support and resistance levels: Support Levels: S1: ₹1,516 S2: ₹1,503 S3: ₹1,487 Resistance Levels: R1: ₹1,545 R2: ₹1,561 R3: ₹1,574 These levels suggest that if the stock price falls below the immediate support at ₹1,516, it may find the next support at ₹1,503. Conversely, if the price rises above the immediate resistance at ₹1,545, it could encounter the next resistance at ₹1,561. Additionally, the Relative Strength Index (RSI) for Cipla is currently in a neutral range, indicating neither overbought nor oversold conditions. Please note that stock prices are subject to market volatility, and it's advisable to consult financial advisors or use real-time trading platforms for the most current information.
NSE:CIPLALong
by SkyTradingZone
Cipla-Reversing from channel Support. Look for Long OpportunitieCIPLA. Cipla - Daily Time Frame Analysis 📈 Technical Analysis: 1️⃣ Trendline Support Cipla has been respecting a rising trendline support from the past several months, indicating a sustained bullish structure. 2️⃣ Breakout from Consolidation The stock recently broke out of a descending triangle pattern with good volumes, signaling renewed buying interest. The breakout level aligns with ₹1,534, and the price is trading above this level, suggesting the breakout is sustaining. 3️⃣ Resistance Levels: Immediate resistance levels to watch:₹1,555.30 (Our Entry Point) ₹1,612.95 ₹1,705.10 (target level 1) 4️⃣ Stop Loss (SL): A key stop loss level on a closing basis is placed at ₹1,413.45, which aligns with a previous support zone and the lower trendline. Trading Strategy: Entry- 1556. Safe Traders wait for a close. SL- 1413- Closing basis. T1- 1705. Higher targets can be considered as the bullish momentum continues. Immediate resistance 1612. Watch the Price action near this level. #cipla
NSE:CIPLALong
by sagartharayil
CIPLA // levels As of January 1, 2025, Cipla Limited (CIPLA) is exhibiting the following support and resistance levels: Support Levels: Immediate Support: ₹1,508.25 Next Support: ₹1,494.07 These levels suggest that if the stock price declines below ₹1,508.25, it may find support around ₹1,494.07. Resistance Levels: Immediate Resistance: ₹1,539.85 Next Resistance: ₹1,553.00 If the stock price surpasses ₹1,539.85, it could encounter resistance near ₹1,553.00. These support and resistance levels are crucial for traders and investors to monitor, as they can indicate potential price movements and assist in making informed trading decisions. For a more in-depth understanding of how to identify support and resistance levels, you might find the following video helpful:
NSE:CIPLALong
by SkyTradingZone
CIPLA Looking good today As of December 30, 2024, Cipla Limited (CIPLA) is exhibiting the following technical levels: Support Levels: Immediate Support: ₹1,478.40 Short-Term Support: ₹1,484.19 Medium-Term Support: ₹1,479.40 Long-Term Support: ₹1,461.00 Resistance Levels: Immediate Resistance: ₹1,507.10 Short-Term Resistance: ₹1,518.00 Medium-Term Resistance: ₹1,530.00 Long-Term Resistance: ₹1,547.00 These levels are derived from recent market data and technical analysis. It's important to note that the stock has support at ₹1,500 and resistance at ₹1,680.
NSE:CIPLALong
by EmpireCrown
Cipla Pole and Flag patteStock Analysis Report for Cipla Limited 01. Pattern Analysis Pattern Name: Pole and Flag Pattern Cipla has formed a Pole and Flag pattern, which is a bullish continuation pattern. The flag represents a consolidation phase after a strong upward move (pole), typically occurring before a breakout to the upside. The stock is at its all-time high, with a breakout from a narrow consolidation range. This is a positive signal that indicates potential for continued upward movement. 02. Volume Analysis- Volume Behavior: During the consolidation phase, the volume has remained relatively stable, which is typical for a flag pattern. There is no significant sell-off, indicating that traders are holding their positions. The volume will be crucial to watch in the upcoming sessions to confirm the strength of the breakout. Current Volume: There has been a notable increase in volume during today's session, which corresponds with the formation of a bullish Marubozu candlestick, reinforcing the breakout. 03. Price Analysis- Candlestick Patterns: A bullish Marubozu candlestick has formed at the breakout level. This indicates strong buying momentum with no significant selling pressure during the session, further validating the bullish sentiment. 04. Validation of Bullish Signal- Breakout/Breakdown Confirmation: The stock has broken out from its consolidation range at the all-time high, supported by strong volume and the Marubozu candlestick formation. This confirms the bullish breakout signal. .Price Retraction: Given the breakout, it's important to monitor whether the price sustains above the breakout level. A successful retraction and hold above this level would confirm the continuation of the uptrend. 05. Key Levels Support: The lower bound of the recent consolidation range around ₹1,640 would act as the immediate support level. Resistance: The stock has entered uncharted territory, so no clear resistance is present. Psychological levels like ₹1,700 and ₹1,750 may act as potential resistance points as the stock moves upward. 06. Entry Point Determination Recommended Entry: A buy position can be considered above the breakout level, around ₹1,680, assuming the breakout is sustained with volume. 07. Target Setting Pattern Target: The height of the flagpole (from the start of the pole to the top of the flag) projected upward gives a target range of approximately ₹1,800 to ₹1,850. Target Price: Short-term traders can target ₹1,750 initially, while long-term traders can aim for ₹1,800+ based on the pattern's full potential. 08. Stop Loss Placement Recommended Stop Loss: A stop loss around ₹1,630, just below the flag's lower boundary, would be a reasonable risk management point.
NSE:CIPLALong
by Mr_Chartist_
2
CIPLA Good Long OpportunityCIPLA is currently in a consolidation phase between support at ₹1,606.30 and resistance at ₹1,686.80. The stock is nearing the upper boundary of this range, suggesting a potential breakout if volume increases. RSI is around 60, showing bullish momentum without being overbought. Volume analysis supports buying interest on bullish days but hasn't confirmed a breakout yet. If the stock breaks ₹1,686.80, it could move higher, while a rejection may send it back to support.
NSE:CIPLALong
by Happysaif