CIPLA trade ideas
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.
CIPLA "Udega" Trade || Daily Time FrameA good Swing trade to consider, shoot any doubts if you have.
CIPLA Breakout and backtesting (retest) can be seen on weekly timeframe in CIPLA. Can be a good positional pick at around 814-820 zone, for the target of 900 and upper levels. Beware of news as this view of mine is purely based on technicals and breakout lvls.
Cipla on selling sideHello guys i had find this swing setup in 1D timeframe which made double top and also broken trendline with broken market structure we can short from here with above swing high sl and 1:2 RR tg also plzz do your own analysis before any trade also if you like my analysis plzz like share and follow thank you
Symmetrical triangle pattern in CIPLASymmetrical triangle pattern formed on Daily chart wait to break triangle then take entry
CIPLA ANALYSIS Daily price action has formed bearish candle and also close below previous session's low which remains a negative bias.
Cipla has formed double top structure in daily chart pattern
Now RSI has crossed below 60 level which is bearish also create negative RSi divergence .
Below 953 Cipla can fall up to 920 and 900 level.
stop loss 972
target1: 920 target2:900.
CIPLA Long Trade, WAIT FOR the Volume confirmationCIPLA Long Trade, WAIT FOR the Volume confirmation
[ Intraday ] Cipla Long Betr:R is 1: 2
Rest as per charts
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. Please refer to the link to my footer and explore further if You want.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
I also do my trades live, Please refer to the link to my footer if you want to tail me.
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Cipla Volume Expansion might happen in the coming few days and the breakout of ascending triangle also happens and the target would be reached soon in the coming weeks.
This is not investment advice and it is meant for learning purposes only.
CIPLA : Channel Trend PatternCIPLA :
Pattern: Channel Trend Pattern
Time Frame: 2hr
If the Price Broken Below 960 then it might move till 940-923 Level
If the Price Sustained above 960 then it might move till 980-1000 Level
CIPLA 967 - BullishCIPLA 967 - Bullish. With Hidden divergence expecting target 1027 with support 940
i am going to long in Cipla.#cipla #ciplalong
Cipla may give good R:R trde.
Disclaimer:- This is not financial advice.
