CIPLA trade ideas
Cipla ltd analysis | next week viewBearish View
Recommended to take only trade if levels break
else
Only watch it
CIplaBreakout and consolidation near previous resistance.
Can go near previous high, risk reward is very favourable.
Cipla @ 1012 target 975 Cipla is facing shorts buildup near its recent highs of 1040 to 1080 levels hence can be shorted for target 975
Cipla short term tradeTrade enter based on this ideas
Overall it was a up trend.
Now it was in retracement and also market trading in sideways.
trading between 4Hr resistance and 4Hr support.
in lower tf. market trading near the higher tf support. when market broke the lower tf resistance based on higher tf support. then looks to enter the trade.
Trade stratergy:
1. sideways trading
2. trend line resistance.
3. higher tf support + lower tf resistance
cipla - buy on dipsBuy from cmp to 1024
tg1 - 1044
tg2 - 1054
tg3 - 1080
Disclaimer : This is my personal analysis for study purpose not intended for trading
CIPLA LONG OPPORTUNITYCIPLA broken short term trend line ( hourly- Double bottom also there) . If the price sustained above 1055 level with good volume will give long entry opportunity( Pharma index showing bullish momentum) . Happy learning with Swing Trade Academy . If you like the content share with your friends and groups.
#Cipla cash : Looks good above 1030 and support at 1000#Cipla cash -Positional call
04.04.2022
Looks good above 1030.10
stoploss 995
Target 1095-1100/1140
Cmp 1028
Bull Bull Bull !!!Cipla on 🔥. Look at the strong breakout, full of green .
And the stock retraced on 20 Ema ..now ready to launch.
MACD also + side.
Look the chart for more detail.
This is only for educational purpose.
CIPLA : PULLBACK STRATEGYAfter Range Breakout , stock retrace - Ideal time for Entry
TGT - 1150 & 1300+(Positional)
SL - 950
𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
CIPLA, trading idea for 12-15%Cipla has given the breakout approx 1 year of consolidation within the range of 870-1000 and now it is looking very bullish, you can make your position for the short-term profit of 12-15%
CIPLA Flag BO and retest - Good short term long opportunityFlag Break out of almost a year long consolidation
and now today it has retested the breakout...
one may go long with StopLoss of today's low
Targets : 1st target can be flag length
2nd target can be the length of the pole as shown on chart above.
Plan your Trade ! Trade your Plan !
Happy Trading !!!
[30% profit] cipla share technical analysisOne can see a messive Cipla share Breakout base on since April 2021 Cipla share is in a consolidation with the range of 100 to 880. But as now Cipla share have breakout of that consolidation mode so as per the Cipla stock technical analysis we can aspect to move Cipla stock target price for 20 to 30% in upcoming time future.
cipla share price target for tomorrow is 1181, 1270, 1400 as per the cipla stock analysis.
Cipla forming flag and pole.Cipla after breakout is consolidating in a narrow range.
The stock looks bullish to me but can break down due to the volatility in the market.
Support :- 1036, 1008
Resistance :- 1080.
The stock can form a double top pattern or might touch new ATH.
Cipla Ltd.Cipla Ltd.
Cipla is a leading pharmaceutical from India with a presence across the world. It was established in 1935 as Chemical Industrial & Pharmaceutical Laboratories Ltd and changed to its current name in 1984. The company has a vast portfolio with more than 1,500 products in the market.
TECHNICAL ANALYSIS.
Time Frame - 1D
1. Stock gives the breakout of the previous high.
2. Stock gives the breakout of the consolidation zone.
3. Supertrend is positive.
4. Alligators are in uptrend.
5. Stock trading above 20/50/100/200 DMA.
FUNDAMENTAL ANALYSIS.
SECTOR: Pharmaceuticals & Drugs
1. MARKET CAP - ₹ 84,739.68 Cr.
2. P/E - 31.17
3. P/B - 3.88
4. ROE - 13.25 %
5. ROCE - 18.19%
6. EPS - ₹ 33.69
7. CASH - ₹ 874.80 Cr.
8. DEBT - ₹ 0 Cr.
DISCLAIMER - All analyses are for educational purposes. it is not trading or investment advice.
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CIPLA Short Dark Cloud Cover On a daily chart, Cipla has formed a dark cloud cover pattern near its resistance. RSI shows a descent away from the overbought zone back into the middle, giving us a leading indication that the stock might correct. The trade should only be executed if; 1) The volumes are slightly higher than the average of the past 7-10 days because that is when the maximum movement has occurred recently, 2) The opening on 21/03 is almost at par with the previous close of 1048.
The stop loss for this trade is around 1/2 of daily ATR, which is slightly above the resistance as it gives some wiggle room for the stock, and the target is 1.5 of daily ATR at 1004, which is a bit far from the next support level at 984 due to 2 reasons; the overall market is on an uptrend for the past few days so we might get some buying sentiment as well in Cipla, and also because of any new developments that may happen with regards to covid-19 which may trigger a bullish sentiment in the pharma sector. Hence, the target is not kept overambitious, and the risk/reward ratio is promising at almost 3.
CIPLA - Important support/resistance levelsKey highlights:
- Marked out a few important horizontal S/R levels in order to give a better idea to the new learners.
- Do not trade in between the levels, always trade level-to-level.
- Consolidating for the last 1 year.
- The parallel channel has a width of about 107 points.
- Using the measurement objective, the upside breakout target of the parallel channel lies somewhere near 1090.
- The price is well above 200 MA cluster, hence the bias is positive.
- Any pullback towards 950-970 seems like a good buying opportunity.
Disclaimer: This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
Happy learning. Cheers!
Rajat Kumar Singh (@johntradingwick)
Community Manager (India), TradingView
Cipla Flag Limit Demand zone formed...Cipla: Price formed a demand " Power Pattern " i.e. " Flag Limit "
Wait for price to come at entry level and then buy, with a SL of Rs.21.50.
Minimum target is 1:3 then 1:4 & 1:5
