CIPLA trade ideas
Ascending Parallel channel in CIPLASupport and Resistance: Traders could open a long position when a stock's price reaches the ascending channel’s lower trend line and exit the trade when price nears the upper channel line. A stop-loss order should be placed slightly below the lower trend line to prevent losses if the security’s price abruptly reverses and also vice versa .
Breakouts: Traders could buy a stock when its price breaks above the upper channel line of an ascending channel . It is prudent to use other technical indicators to confirm the breakout. For example, traders could require that a significant increase in volume accompanies the breakout and that there is no overhead resistance on higher time frame charts
Breakdowns: Before traders take a short position when price breaks below the lower channel line of an ascending channel , they should look for other signs that show weakness in the pattern. Price failing to reach the upper trend line frequently is one such warning sign. Traders should also look for negative divergence between a popular indicator, such as the relative strength index ( RSI ), and price. For instance, if a stock’s price is making higher highs within the ascending channel , but the indicator is making lower highs, this suggests upward momentum is waning.
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Cipla out of the box... Trade it wellCipla reached upper box level and broke... Trade it well with proper sl.
#CIPLA CASH : LOOKS GOOD ABOVE 761.10#CIPLA CASH
02.12.2020
LOOKS GOOD ABOVE 761.10
STOPLOSS 754
TARGET 768-770/778-780/800
(RISK FREE ONCE ABOVE 770)
CMP 758.5
Cipla Looking Good Above 760Expecting 780 in near Future
It was moving sideways for the last few days. Finally gave a breakout above 755.
Caution: Expecting 4-5% Fall in Overall Market in December. That can spoil all analysis. So trade wisely.
Positional long call in ciplaCipla after the correction again taken support at 700 which is now strong support for cipla and now cipla holding himself above the 100EMA
Which is good and on last trading session cipla made it to cross 50EMA too and closed above.
Buy cipla at current or any minor dip for the first target of 795/850 with stoploss of 725.
Cipla - 13 days Price range or consolidation- NOW time to BREAK.#cipla 13days price range as published earlier too as per related idea...however it did not sustain after breaking low, now keep watch tomorrow if it breaks level of 759, if breaks then a rocket move can be expected...
CILA NEXT TARGET IN WEKLYCIPLA NEXT TARGET IN WEEKLY. ANY ONE NEED PARTICULAR SCRIPT IDEAS LET ME KNOW IN THE COMMENT SECTION AND I WILL PROVIDE NEXT MOVE.
Cipla Share to take long entry.Cipla to take long entry above 755 for the target price of 810 with the SL of 728. Entry will be taken after the confirmation & clear BO at the conflux area.
Good risk to reward ratio. This is for your educational purpose.
Cipla#cipla followup... Price broken after 8 days in a row...stay bearish here as long as price stays below 732.
CIPLA - KEEP AN EYECIPLA KEEP AN EYE
VOLUME SHOWS REVERSAL IS POSSIBLE AND A NEW BOTTOM CAN BE FORMED NEAR 730 AREAS
724 CAN ACT AS A VERY GOOD SUPPORT
CIPLA TRYING TO BREAK TRINAGULAR PATTERN.Levels on the chart.
The analysis is for my own study purpose. your feedback is welcome.
Cipla#cipla followup...see 12th Nov the day when price made high and low and then for 7 days price is in range within that high and low. Any side breaking the low 732 or high 759 of this range can give a good momentum...Watch out.
CIPLA A BUY BASED ON EXLANATION GIVEN IN IDEA POSTPLEASE CLICK THE IDEA TO SEE REASON FOR BUY SIDE SUGGESTION IN SCRIPT
disclaimer - buy @ own risk.
