CIPLA trade ideas
CIPLA BULLISH VIEWCIPLA
Now is the right time to invest in cipla
Cipla is ready to break out the resistance trend line
Volumes are also good
my first target@1540
Second target@1660
Stop loss@1317
Disclaimer:
I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Happy trading.
Cipla Ltd. engages in the manufacture and distribution of healthcare products and bulk drugs. It operates through the following segments: Pharmaceuticals and New Ventures. The Pharmaceuticals segment develops, manufactures, sells and distributes generic or branded generic medicines as well as active pharmaceutical ingredients. The New Ventures segment includes the operations of the two wholly owned subsidiaries, Cipla Health Ltd., a consumer healthcare company and Cipla BioTec Pvt. Ltd, which is into the business of Biosimilars. The company was founded by Khwaja Abdul Hamied in 1935 and is headquartered in Mumbai, India.
so please keep CIPLA in your watchlist for long term investment.
If yoU like my view, do support it with a boost witch is valuable inspiration for me to post ideas like this in future. thank you friends!
Reversal Uptrend Wedge Pattern in CIPLACIPLA LTD
Key highlights: 💡⚡
📈 On 1 day Time Frame stock Showing Reversal of Uptrend wedge Pattern.
📈 It can give movement upto the Reversal Final target of Below 1480-.
📈 There have chances of breakdown of Support level too.
📈 After breakdown of Support level this stocks can gives strong downside rally upto below 1348-.
📈 Can Go short in this stocks by placing a stop loss Above 1640+.
CIPLA, Triple Top PatternToday we have an indecisive candle with a high of 1,514,20.
The price has made a triple top pattern.
Tomorrow's candle will clear whether the price has respected the pattern or not.
Trade accordingly.
Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Cipla LTD Market Direction Prediction with the help of EWHi Folks,
I am not a SEBI registered analyst; this analyst is based on my observation. i am not given Buy/sell or Sell/Buy any signal this just for learning purposes, Investor can use this to identify swing trade or positional trade setup if they know how to use price action.
Here we can see Cipla LTD, is trading about 1500 level, this is very curtailing level market direction would consolidate lil bit and then rally in up direction.
Cipla has completed (iv) macro wave and continue with sub macro 3rd wave, which can go up to 1.618% or more of Project from sub macro i and ii. once level 1500 broken it can rally much faster then any stocks.
Long:-1501
Stop Loss:- 1396
Target:- 2000.
Please consider with your SEBI register analyst before taking any trade.
CIPLA - Swing Trade Analysis - 17th May #stocksCIPLA (1D TF) - Swing Trade Analysis given on 17th May, 2024
Pattern: FALLING WEDGE BREAKOUT (Double Bottom)
- Trendline Resistance Breakout - Done ✓
- Volume Buildup at Resistance - Done ✓
- Demand Zone Retest & Consolidation - In Progress
* Disclaimer
Demand Zone In CiplaA demand zone in Cipla's stock chart represents a price level where strong buying interest is likely to emerge, halting declines and potentially reversing the price trend. This zone is identified by historical support levels, increased trading volumes, and bullish candlestick patterns. When Cipla's price approaches this zone, it indicates a potential entry point for traders expecting a rebound.
#demandzone
Waiting for another Short Trade in Cipla.According to the chart structure the trend is negative.
Today we have an inverted Hammer type candle, the price is rejected from the resistance zone.
Personally I am waiting for a short trade the reason is that on the bigger time frames the correction is pending.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
CIPLA - Ready, Steady, Go!!#CIPLA
Stock gave decent correction last month. Reversed from 1335 levels, then formed a strong damand zone at the level - 1390-1400.
Now earning is there. Market is signing up for the second phase. I never believe that news makes chart. For me chart and technicals are always formed first, many days before, and then news comes into the market.
So as per the chart we can expect a good earning result from Cipla.
The best entry point as per technicals, is at 1435. Stoploss can be seen around 1392-1390 levels on daily closing basis.
The first target we can achieve is at 1500-1520 levels. And if we are able to close above this even on 4 hours candle then target of 1660-1665 can be achived very very soon.
I give classes to #masterclass in live market with practical assignments so won't be able to give much updates. But you don't need it anyway because these are technicals levels and are well defined as per market direction.
This is not a buy/sell reccomendation but a pure study of how we can pick a stock for #SwingTrading. So rather than to jump directly on earning, better focus few days on learning. Because,
Believe or not - Learning is Earning.
Cheers!