CIPLA trade ideas
Cipla-10% opprtunityCipla moving in an ABCD pattern in a rising channel. Taking support at the lower end of channel. Can move towards 1015. If breaks that then it could be a 500+ points move(looks unlikely to me)
CIPLA |||#SwingTrade
Buy CIPLA on Rising above Rs. 897 for the Target of Rs. 959...
Stoploss Rs. 866..
CIPLA-Good entry price. If breakout holds till friday, add moreCipla weekly candle shows strong breakout. Current price is good for adding some quantity. By friday this candle will get confirmed and if it sustains the bullishness in the candle, we can enter fully.
CIPLA "W" Pattern Downfall TGT @925/920The chart, clearly shows Cipla forms an uneven "W" pattern and faces resistance on a higher level. So we can Keep an Eye for Selling.
Best Setup to Trade.
At the opening of the market right at 9:15, if CIPLA opens with the price of ( 934 - 930 ) we can place a trade on breaking of the previous day Low( 930).
Once it breaks we can put up a target of quick 4-5 points based on your Risk-Reward ratio.
With this setup you can achieve the target very quick as 9:15 we get very high momentum moves / volatile.
** IGNORE if Gaps up / Gaps down too much below the mention selling level.
This is my Everyday Quick Setup I shared with a small analysis, you can make your own setup and trade.
cipla all major resistance and support are given according fibonacci and entry stoploss and target are given.
Cipla 28th may 2021marked support point.
marked resistance level.
wait for price to touch resistance level.
confirm whether the breakout is FAKE or REAL.
according to thattake long or short position.
Cipla - Ascending triangle in 30min TF1. Cipla is taking support near the resistance turned support zone
2. Entry levels for both long and short are mentioned in the chart
3. Target and stop loss as per your risk appetite
To motivate me, give a like and show your support. Thank you!
Please stay safe. Happy Trading!
CIPLA FOR 26 MAY 2021i hope you guys enjoy all my ideas and i hope you all learn and earn money form it
note : when you buy or short any of the script so please consult to your financial advisor and
all the levels are on the charts dont jump the levels so plz if you want to enter at our price so enter only at our levels
CIPLA Near Strong Support Zone - More chance for upward moveBuy Above 888 - Next target is 901 (Daily Resistance)
* Purple - Monthly Resistance/Support
* Orange - Weekly Resistance/Support
* Maroon - Daily Resistance/Support
1. Right night price is at Strong Support Zone - Price is getting rejected at this level and you can expect a possible up move
2. First time it came near this support so chances are high it will reject and move upwards
**** Educational Purpose only****
Thanks
CIPLA Looks strong, high possibility of targeting 1087 to 124023-May-21
Pro's
Looks Strong, and has broken out above the 52w all time high (ATH)
Sustaining above 881 has high potential for 1087 & 1240. Time Frame 6-12 weeks
Cons:
F&O Stock, likely slow mover
Cipla, Pole and FlagCipla is forming a pole and flag pattern, with the price action during the last two months. A breakout from the upper end of the flag can be traded for a small target of the 52 Week high at 966 and second target with the fibonacci pivot if the trader feels comfortable. The SL can be set at 900.
Note: Please do not follow my idea blindly, analyze yourself as well. I just share my idea so that people can build upon the same. The idea I share is open to healthy criticism and feedback :)
CIPLA: The Bullish Trend.NSE:CIPLA has shown the bullish trend, with key target levels mentioned in the chart above.
Disclaimer:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
