CIPLA trade ideas
Intraday Trade: watch for range breakdownshort below 875 in Intraday
For stoploss in Intraday use 5 minute chart and see nearest resistance.
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 Gapdown or bd before 9:20
If gapdown is more than 1% from bd level than avoid completely.
if less than 1% or gives bd before 9:20 than wait for
first 5 minute candle and entry below 5 minute candle
and revised SL above candle high.
cipla - weeklysee chart
Support at 890
Resistance at 1000
will it take support ?
check the link below- nov 11 posted it took support and resistance.
Educational purpose only.
This is not a recommendation -
I am not SEBI registered - Do not TRADE/INVEST basis what I publish here.
Inspired by - Trading Mirror telugu
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 )
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.