CIPLA Share Price Trend Analysis by THE DECISIVECIPLA is making a triangle pattern at 1HR Time frame for which breakout is expected. As soon as breakout happen with vol then we can make a position in the same. Target & SL must be as per chart pattern which we suggest/teach during our Beginner Module Course. Happy Earning!
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CIPLA trade ideas
CIPLA looks bullish after a pullbackCIPLA moving bullish with support and resistance level as marked on chart. Now it has reached to support trend line which is also a support area zone around 955. It has become a area of high confluence and expected to take support again.
watch the move, buy above 963.5.
Cipla Swing tradeCipla: Positional and Swing pick!!!
Method: Top-down approach
The uptrend on the monthly time frame,
Upside channel breakout on weekly time,
Symmetrical triangle pattern on the daily time frame
Enter if price closes above triangle pattern confirmed by good volume
Remember the rule: Trade what's happening...not what you think is gonna happen
Risk management:
CMP= 957
Enter at 970
Stop loss at 945
Target -1025 / 1050
Risk only 2% of your capital
Risk: reward = 1:2.2
Psychology
Note= Trade with probabilistic mindset no matter how much analysis you do there is always 50-50% chance
Our main objective is to '' Cut your losses short and let your profits run.''
Remember to be profitable you don’t have to be right every time,
you just have to be right big and wrong small.