CIPLA trade ideas
Cipla hits almost 800 after breakoutCipla hits almost 800 after breakout. It gave chance to buy again near breakout point.
Cipla | Bearish Harmonic pattern =====================================================
⭕ Day Trading opportunity ! 15 min Chart Alert !!! ⭕
--sell below 789.45= or CMP
--Target = 775
--Stop-loss = 794
--Lot Size = 1300
--R:R = 2.81
--Expected Profit = 16,900 ₹ per lot (1.74 % )
--Expected Holding = 1 day only
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⭕ Technical Reasons to trade OR Strategy applied :- ⭕
1) bearish harmonic pattern
2) rejection at top
3) Trade is confirmed with big bearish candle
4) we just need breakdown of support
5) cipla gap is expected to fill soon
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CIPLA Breaking out of Bull FlagCIPLA is showing Bullish Flag breakout with above average volume. The gap up which looks like a breakaway gap is indicating further strength in the move. We can look for a price target of 1.618 Fib extension of the recent weekly wave at 880.
Looks getting readyshort term targets 805/815
closing above 815 opens pitchfork lines as targets and super bullish
SL below 750
my 15 min analysis for ciplaas i drown cipla is moving in the rising channel and trying to come at its support and also forming a fakking wedge pattern so this is my analysis
CIPLA , Trend break or support break ??Cipla's been in downtrend from last week , now it is mear its support .
Sell below 750 , target 743 - 740 , SL 753-755 .
Buy above 760 , target 765 - 770 - 775 , SL 748-750 .
Always wait for retest , if no retest is done , dont trade .
Happy TRADING .
CIPLA - Strong Buying Zone.Happy to share another stock this week. Cipla.
Last week indusind bank given. More than 5% returns floating till.
This Cipla has more power breakout yet to see from next trading sessions. Let's talk about this a week later.!
