CIPLA trade ideas
Cipla Breakout1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula:- Stop Loss/(Buy Price-Initial Stop Loss Price)
4. Either sell on initial stop loss hit or when closes below weekly supertrend
After a TTM Sales and Profit growth of 11.5% and 15% respectively and after receiving an approval from the Subject Expert Committee (“SEC”) of the Central Drugs Standard Control Organization (“CDSCO”) to conduct local trials on anti Covid-19 pill Paxlovid, NSE:CIPLA has given a breakout with higher than average volume. The breakout came after a long consolidation since Jun'21. It's a buy with a stop loss at Rs.979.
CIPLA LONG About Cipla
Cipla Ltd., incorporated in the year 1935, is a Large Cap company (having a market cap of Rs 83,510.86 Crore) operating in Pharmaceuticals sector.
Cipla Ltd. key Products/Revenue Segments include Pharmaceuticals, Other Operating Revenue, Export Incentives, Royalty Income and Scrap for the year ending 31-Mar-2021.
For the quarter ended 31-12-2021, the company has reported a Consolidated Total Income of Rs 5,570.15 Crore, down .18 % from last quarter Total Income of Rs 5,580.47 Crore and up 5.98 % from last year same quarter Total Income of Rs 5,255.63 Crore. Company has reported net profit after tax of Rs 758.95 Crore in latest quarter.
The company’s top management includes Dr.Y K Hamied, Ms.Punita Lal, Mr.Adil Zainulbhai, Dr.Peter Mugyenyi, Mr.Robert Stewart, Mr.P R Ramesh, Mr.Ashok Sinha, Mr.S Radhakrishnan, Mr.Umang Vohra, Ms.Samina Hamied, Mr.M K Hamied, Ms.Naina Lal Kidwai. Company has Walker Chandiok & Co. LLP as its auditors. As on 31-12-2021, the company has a total of 80.68 Crore shares outstanding.
#Cipla Breakout NSE:CIPLA
Great breakout
target open
Stop Loss Recent swing low on daily time frame on closing basis.
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
Cipla - Ready to Fly??Cipla seems ready to fly...Details on chart.
I have been avoiding trade due to News driven market scenario. But 2 strong days is bringing some scripts back in Price action.
But still one needs to be very very cautious because the uncertainty is not yet over.
If cant avoid to trade then ensure to be stringent with SL.
Capital protection is more important then earning in such conditions of market
Caution: Im not SEBI registered analyst. Contact your financial advisor for more any decisions.
#StockMarket #StockIdeas #StocktoWatch #StockToBuy #positionalCIPLA LTD
Stock trading in a range for more than 10months
Now seems breakout may happen, by seeing volumes
Good be a good bet to enter above 1000 for positional or save above 1008 levels
Intraday trade also can be taken, use 5min Chart for SL
In case of Gap Up or Gap down, please avoid setup.
Note:-
Above levels for education purposes only.
Do your own analysis before taking your trade.
Intraday Trade: watch for range breakoutbuy above 1000 in intraday safe above 1005
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.
CIPLA: BULLISH FLAGStock is has formed a bullish flag pattern on weekly chart being the support region near 850 zone & resistance area at 1000 zone. Any sustained move above the level of 1000 will lead the stock to the new highs in a very sharp upside rally. Stock is consolidating from last 1 year , so the momentum after the breakout wil be strong.
Trading strategy:
Buy above 1000 with SL of 920 and look for the immediate target of 1100 and 1150. The measured bookish target for the bullish flag is coming about to be in the region of 1250.
CIPLA INTRADAY LEVELS FOR 10Mar2022 Fibonnaci levels have the lowest probability if winning
Pivots(yellow lines) have the highest probability of winning with CPR(Dark Blue lines).
Demand & Supply Zones have very high power and can consolidate and probably change the direction of the day's trend.
Trade only ITM not ATM if going short
Trade only OTM not ATM if going long
CIPLA - The next ITC?From the chart it is seen the stock has been consolidating between 900-1000 levels since April 2021. Only time will tell when it will cross the upper or lower level. Since it is all time high , a target of 1500 is possible considering the duration of sideways movement of the stock
Simple Trade Setup | CIPLA | 07-03-2022 [INTRADAY]NSE:CIPLA
Observations:
1) On 15min chart, we can see acending trianlge pattern.
Please refer below chart : 15min Time Frame.
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Trade Setup for 07-03-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
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