CIPLA trade ideas
Cipla for swing trading Cipla is selected due to strong charts in pharma Index and Due to sector rotation and now it is to be seen that pharma will be on Last part of the bull run.
Cipla nseResistance lvl 1000
Support lvl 895 demand zone
Choose your profit and stoploss
Last support 840-847
CIPLACipla could have completed the consolidation and has possibilities of having impulse move from here in the coming days
CIPLA is BUY CONSOLIDATION OVER - BreakoutStock has taken support near 200 DMA which is 903 (Demand Zone) . Have spent time in consolidation between 900-920 Levels and have given breakout today above 924. Target Price Mentioned in Stock chart . RSI divergence , MACD crossover
Buy at 930 .
Target 1 -957
Target 2-986
SL-885 .
( I am not sebi-registered analysist . so trade as per your analysis )
Cilpla retracement intraday and 4h analysisKeep ! What do you want ed traders?
Profits!
That's only
940 fib ret and resistance now support
940-946 sup to demand
Goodluck
This is reference only
Pharma sector will be new high!
CIPLA Intraday/ Short Terma Analysis1. Entered Channel
2. RR of 1:2
3. Volume Spike
4. Corona Benefit
5. Good Distribution After Rally Target Open for 3 months
Like If you Agree
CIPLA can give big breakout Watchout for Cipla , price is range bound currently in weekly chart. For Intraday it can move above 976.5 Level
Big breakout above 1005 Level.
Range BreakoutThe stock has been in Consolidation for more than 7 Months and tried to break out several times.
Volume has increased significantly in the last trading session.
200 EMA acting as a strong support.
Looks good above 992 for swing trading with STPL below 865.
With the new COVID Variant, Pharma stocks are on the rise, so by the looks of it, this is a high probable Trade set up.
Cipla moving up!!The stock has given a breakoutwith high volume and is expected to move further. See charts for targets
educational purpose - can buy cipla above 1005if cipla sustains for good time with decent value above 1005, it can be good buy
CIPLAHuge Volume seen at support. Even rising in bear market can go long. Only for educational Purpose.
Marubozu Pattern formed.
CIPLA Longcipla share coming to it's support zone if it takes bounce from their it will give the best risk reward in upcoming days.
CIPLA :Range breakout tradeCipla has been trading in a range from last 6 months.We have definite supply and demand zone at 870-885 and 980-997 respectively.Expecting an upside breakout after looking at today's price action.Reasons for upside breakout are as follow's
1)Stock has been in an up trend,and has previously given similar range breakout's on the upside
2)During every fall time taken by price to reach demand zone is more then previous fall took to reach,meaning fading selling momentum
3)In the third fall price reversed before entering demand zone meaning buyers have became aggressive.
4)During 2nd rise we have seen price breaching supply zone .
5)During 3rd rise (from las t 2 day's)it seems like it will take less time to reach demand zone then previous rise again meaning aggressive buying or upside momentum build up.
6)Notice the volume ,through out this range volume's have been falling but in today's trading session we are seeing volume spike along with big up move again indicating buying.
It would be aggressive trade to enter long at current levels and ideally one should wait for an upside breakout,close above 1000 for taking long trade.However entering at current price 975 would favour better risk reward,hence one can enter stock and take 30% position keeping 870 as initial stop-loss on closing basis on the down side which should be trailed once we get breakout on the upside,And add another 30% if we get a dip towards 940 and wait for breakout to take remaining 40% position.On the other end if stock doesnt give us a dip then one should take remaining 70% position on breakout and if it re-enters our supply zone meaning prices comes back below 980,then one should exit long.
Upside range breakout target is coming at 1125.
Disclaimer:View provided over here are just for my future referecnce purpose,no position should be build or exited on it's basis.
CIPLA at imp level for long termNSE:CIPLA
at price action support + dynamic support at 200dma
can add some stocks into long term portfolo+swing
CIPLA SHORTING` OPPORTUNITY25-Nov-21
CIPLA had taken the resistance from the 30day moving average and also taken resistance from previous consolidation zone which confirms bearishness in the stock. Below 883 level will have a good shorting opportunity.
CIPLA - Looks Bearish expected 8% Fall1. Uptrend Channel support broken
2. Trading near Double top neckline, If close below 890 on daily may expect 8% fall
3. Nifty Pharma also Same pattern formed & already double top neckline broken can expect 8% fall on nifty pharma index also
Cipla - Buy only If close above 9201. Cipla is in long unwinding zone for last 4 week &
trading inside the channel
2. Above 50 EMA
3. Tested the support and bounced
4. Pharma Index also formed same pattern
5. Buy only If close above 920 & Expect 10% return
6. If closes below 50 EMA then expect 10% Correction
NSE:CIPLA LongNSE:CIPLA
#CIPLA Trading above the resistance level and post sustainability confirmation one may try 900 CE
All the levels marked on chart, Swing reversal levels also mentioned for safety.
Happy Trading !!
Can Cipla Make you money?Go long
Target 1) 947.10
Target 2) 968.28
Target 3) 978.78
When you see Cipla in 5year time frame you can see something interesting, Pharma and chemical stocks are in a bearish mood and they have fallen from their 52 week high dramatically, When you see Cipla in 5year time frame you can notice that its on the support level.
