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CIPLA trade ideas

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 :)
NSE:CIPLALong
by dakshjain76
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.
NSE:CIPLALong
by finogent
Positional Analysis for CiplaThe very first pattern you see on the chart is a flag pattern which has given a breakout (I usually wait for last kiss). You can see a 38% fibo rejection at 873 levels which also acts as a support which previously acted as a resistance. Lastly, you can see a breakout from the upper range of RSI i.e, 60 which can be another confirmation for an up move. Sl could be the low of the breakout candle. Target will be minimum 1:2 Note: this is my own analysis and not a buy or sell call, before taking any trade consult with your financial advisor. Happy trading.
NSE:CIPLALong
by rituparna_paul
CIPLA -Flag Pattern Flag Pattern basically in simple language a figuratively a pole and flag - drawn on the chart How does a flag pattern matters in trading? Flag patterns signify trend reversals or breakouts after a period of consolidation. So the important point to note here is CIPLA would be out of consolidation either will fall or rise from here. Usually, the break out or reversal sync up with some news or event, interestingly CIPLA posted decent quarterly results, though doesn't beat the estimates but quite good. So if we try to check all the items from the flag pattern checklist Pattern visible - Yes Volume increase near breakout - Yes News on the horizon - Yes trendline breakout using GAP UP - yes Bullish candle - higher high , lower low - but red candle How to Trade it due to the last checklist item bullish candle - safer approach of buying above high can be taken. Just in case if the breakout is fake will save from losses Entry, Target marked on the chart Can use 20 DMA as trailing stop loss Trade Safe
NSE:CIPLALong
by msk_analysis
2
CIPLA LONGCipla is currently on a 20 year resistance level and being tested since 7 days with bear-bull combination. Today's movement it finally gets 20-50 DEMA crossover. Based on tomorrow's opening, with a pivot at 890. Above 910 targets can be respectively 920/930 and above 955 can be a big move. Below the buyers zone where the stock has been tested multiple times for support, wait for a price action and short only below 864 with respective targets. Today's candle indicates neutrally bullish. You can always do back testings on Day/Week/5min charts as per your experience and track the stock results to have a stronger view before taking any trade. This is just my personal study and analysis. Do not trade on the basis of just my study. Do your own research as well.
NSE:CIPLALong
by tejaslalwani7