CIPLA trade ideas
#Cipla cash : Posiitonal sell around 927-930#Cipla cash -Posiitional
27.07.2021
(Sell on rise or retracement)
Sell cipla cash around 927-930
Stoploss 946
Target 886/860
(Note - For weakness closing should be below 920)
Cmp 913
Long CiplaLong Cipla above 952 Target 980 SL 943 . Stock taking support well. Long on green candle above the support area. RSI forming divergences. This is for your educational purpose only.
Update On CiplaThe stock has been consolidating near the support and the price given in the last post (959.20), brace for a breakout on either side.
BREAKOUT OF CIPL AND RETEST AND FALL AFTER SUPPORTCIPLA Making bearish Expanding triangle and breakout and retested the residence....wait for the next support to break and take long sell option
Cipla Entering Possible Reversal ZoneI am recently getting into Harmonic patterns and trying to learn them. Hope I drew them right, any feedback on something I did wrong is appreciated.
CIPLA 1D LONG : Price consolidating in range from last 1.5 monthPrice is consolidating in tight range from last 1.5 month. One can add this to watchlist to track for upper breakout or down breakout and price retesting support line.
Trading Opportunities:
1) Upper breakout with volume for long position
2) Lower breakout and price taking support and reversal
Cipla : Touched a big supportCipla just touched one of its big supports and was consolidating at 15/5 min time frame, Go long after it breaks Today's high (22nd July). Good potential for intraday and possibly swing as well.
Educational view / Expecting this / ciplathis is just an educational view
keep it into your watchlist
Cipla - Long Candidate in near future1.Trading Near 200 Ema. has a tendency to Move when it trades near 200 Ema
2 At trend-line support
3.Entry after Trend-line Breakout will be beneficial
4.Keeping Swing low as an SL and Target near Nearer resistance
Cipla fake breakoutCipla having fake breakout. Volumes are not increasing. Can trade with Box breakout or breakdown with good volumes. RSI looks not good.
Swing trade∘ Head & Shoulder Pattern
∘ Breakdown & Retest confirmation of downtrend , If fake fall go long target all time high
Note : Always be extra cautions with breakout trade with confirmation
RSI Divergence in Cipla!!The price action/behavior in Cipla shows that the buyers are strong and have been pushing the price higher which should result in a breakout . There have been multiple retests on the resistance zone / the supply zone . However , RSI shows a clear divergence or in simple words , RSI is making lower highs . Hence it would not be advisable to take a position in Cipla at this moment . Only if RSI shows and up move with strong buyers , price gives a breakout with good volumes , then only one should go long.
CIPLA Monthly chart for a long term view. Looks good!!
Once you see this chart please share you views on this.
Disclaimer: Chart is shared only for educational purpose. Before investing please consult your financial advisor.
'CIPLA' analysis for 12th July 2021Buy/Sell only on given levels. The above chart is only for educational purpose. Make sure you don't trade blindly, reanalyze and trade
