CIPLA trade ideas
CIPLA(Positional Trade) | RR 1:4+ | Pattern :- Ascending Triangle
Reasons To Trade🤔 :- Bullish Sector, Stock In Uptrend, Above 200 DMA, Forming Perfect Ascending Triangle, Last Candle- Bullish Engulfing.
Entry :- 770 - 780
Stop Loss :- 750 - 755
Targets :- 815 -> 848 -> 868 -> 900
(Risk Must Be Managed.)
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--Any Suggestions--
Likely bullish reversal on Cipla expectedThe prices have consolidated in a narrow range. There has been a weakening in the downward selling trend as reflected on RSI and noticeable reduction on volume candles . The Senkou Span B has gone flat and shall attract prices towards it.
Buy CiplaBuy Cipla above 785 TGT 788-791-794 SL 778. Entry will be taken after the closure of confirmation candlein 15 min.
Swing/Intraday setupSwing setup:
One can enter at CMP or above 815 or wait for 825 to enter for unstoppable upside move. RR could be anything from 1:3 to 1:10 with SL of 800 for entry between 815 to 818 and SL of 814 for entry above 825.
Intraday setup:
Enter above 825 with SL of 820 for the target of 835/850/870. Keep trailing SL on every 10 points.
Note: I am not a SEBI register and view is only for educational purpose as well as personal, always consult your financial advisor before investing or trading.
CIPLA at breakoutCIPLA once it breaks out the upper channel from flag pattern.. it look good for target 800,820 and 850
Disclamer :This analysis for education purpose only, enter the trade based on your own analysis.
CIPLA SHORT SELL SETUP GAVE EASY 1% THE NEW FIBO STRATEGY GAVE US EASY 1 %
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IT GAVE UPPER BO FOR LONG BUT SHOWED ITS REAL FACE
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TL COULD BE DRAWN AFTER SOME MINUTES
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FIBO RETRACEMENTS HAPPENED AND WOO HERE WE GO FOR 1 %
CIPLA at crucial level : trading at its swing high (814-815)Cipla was able to gain its 10 Aug 20 level in previous day session when nifty pharma was up by 2.5% . There still some space is left for pharma sector to cover on upper side. Considering this probability lets understand the cipla's possible moves.
1. Cipla is looking very good at this time and today if 815-820 hold we can see a rally towards 880, SL to be maintained 800
2. If it resisted again at this level (815) and forms a bearish candle, first down move can be seen till 785.
UP Trend : 820 / 852 / 900 TGT1 : CUP and Handle Formation
2 : SL - 735
3 : MACD / Bollin / RSI / SMA : +ve
4 : Money flow index : Green Zone
5 : Positive quarterly result
6: Fair Valuation until 852 TGT.
# I have bought 350sh @ 273.5 for TGT of 852 on 22/Sept
CIPLA Cup and HandleStock has completed Cup and Handle pattern and set to blast upward after breaking the neckline.
Breakout in ciplaWait for an entry after the candles closes near 790 levels, It is a swing buy, SL at 775-770 levels
CIPLAIm not an expert im just sharing my views on CIPLA for tomorrow
Im not responsible for any profit or loss this is not a recommendation
