CIPLA trade ideas
CIPLAscript is facing resistance from same level mulitple times.
ATH breakout possible.
keep on radar.
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.
Cipla - Harmonic PatternCipla can be bought at CMP with 920 as stop loss and target of 967.5. A 15 minute candle closing above 942 will take the price to 967.5 at quick pace.
CIPLA on UPMOVECipla is showing enormous strentgh despite of global negative sentiments. It has taken support on critical level and is now on the upmove/
CIPLA rebounced from support levelsAfter testing the support levels, CIPLA re-bounced and now on its way to reach 950 - 960 soon
SL should be 865
CiplaBuy Cipla long term profitable buy Buy Cipla long term profitable buy
Buy Cipla long term profitable buy Buy Cipla long term profitable buy Buy Cipla long term profitable buy Buy Cipla long term profitable buy Buy Cipla long term profitable buy
Buy Cipla long term profitable buy
Buy Cipla long term profitable buy
Cipla near its resistance After a long consolidation of about 10 months, Cipla is near its resistance, a buy can be initiated if it crosses its resistance!
CIPLA Harmonic level patternsForming Bearish Butterfly pattern
CIPLA Harmonic level patters : Self explanatory arrows with important levels of support and resistance
CIPLACIPLA weekly chart , formed a good rectangle and inside that a double bottom this gives a confirmation that stock is ready to take higher level
Cipla - Channel Pattern - ConsolidationNSE:CIPLA is trading between 860's and 1000 level for almost last 10 months.
Now it's nearing upper channel levels.
We have to wait for few more days to confirm the direction.
Keep an eye on the stock.
Practising Price Action TradingCipla. Buy after price crossed the purple zoneand target is also there. Invest at your own risk, I'm new to this.
Buy entry in #Cipla @BO1. 850 zone was tested several times and acted as a strong support.
2. From 24th Jan bull run/extended move was seen. Correction was yet to be come after such move.
3. It was into consolidation (correction in time) from last 4 days i.e. from 1st Feb.
4. Also bottoming tail bar, shakeout bar, no range body bar is seen in consolidation , tug of war is fought between bulls and bears.
5. Entry will be above 959 & stoploss will be below the bottoming tail i.e. @938
6. 995-1005 will be the profit booking zone.
#Ciplaplease refer to the chart.
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If you want me to investigate any chart for you then would cherish doing that for you.
Thank you for your time and support.
Stay safe.
Simple Trade Setup | CIPLA | 02-02-2022 [INTRADAY]NSE:CIPLA
Observations:
1) On 1 day time frame, We can see that it made double bottom pattern and now it is near the neck line of it.
But today it made Doji candle with closing below this neckline. If tomorrow or in coming days it gives the breakout of either side then we can see the momentum on that side.
Please refer below chart : 1day Time Frame.
2) On 15min time frame, we can see it has the support channel. breakdown of this channel can give intraday fall.
Please refer below chart : 15 min Time Frame.
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Trade Setup for 02-02-2022
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.
Cipla Cipla
It is taking support on previous support zone on 1day(daily) basis. It closes with big green candle and volume is also high. We may expect bullish movement in coming days.
Long on Pharma : CIPLA Pharma as sector is hot sector of year. COVID variants disturbs market sentiments but that somewhere works for pharma stocks
BUY ABOVE 950
STOPLOSS AT 900
TARGET FOR 1050
