CIPLA LOOKING GOOD FOR A RUNCipla has formed an ascending triangle pattern with a good breakout...
it is looking good for swing purposes...
buy activated at 951
targets are 965, 998 and 1018.50
sl will be 935
CIPLA trade ideas
Cipal Buying #Buy #Cipla EQ. closing 945.45 with a stop loss of 926 then #targets are 970-997-1020.
#Buying #reason.
1 --> Price creates a triangle pattern.
2 --> Price Breakout.
3 --> RSI is cross 60 levels.
4 --> ADX shows the upside move and +DMI rise.
5 --> #Volume also shows the breakout.
#cipla #buy #breakout #crossover
Cipla - Stuck in parallel zone , Anticipating break out Posted for educational purpose.
Weekly chart of Cipla. It’s stuck in parallel supply and demand zone range for past 6 weeks.
Last spike is result day reaction. As the latest quarterly results posted on Friday ( 12th May ) looks to be good and may potentially trigger break out from this range.
Current price is 937.5
Stop loss of 930 ( < 1 % )
1st target 955 - 960 ( ~2% ) and if it sustains the potentially reach 996 - 1000 ( 6% ) as next target.
CiplaPrice is trending inside an upward channel. If it breaks down, then we can sell below 900 with the stop loss of 910 for the targets 890, 880 and 866. This is not a recommendation to buy/sell. Do your own analysis.
VIEW ON CIPLAStock after a downfall made a base around 850 levels
Currently in a consolidation phase buy once it crosses 924
Target 955/965
Stop loss 909
I am just representing my views.
For educational purpose only.
CIPLACIPLA broke out of edscending triangle on hourly charts with good volumes.
Could be bought with mentioned stoploss & targets.
cipla924 buy zone. wait for breakout and enter a trade.
trade your plan and follow the rules without any queston.
CIPLATaking support near lower BB range and even pharma index is also taking support near lower range of BB. Some long may be initiated with SL of month low. As stocks move in favor position may be added.
Cipla for Option Buying-> Cipla in weekly chart is taking support 850
-> In 1hr Timeframe it is in channel pattern
-> If it breaks above the trendline we can go for CE
-> If it takes resistance and reverse down we can go for PE
-> Breakout candle or resistance candle can be the stoploss
-> Make sure that you take next month contract (April)
Cipla - Negative BreakdownAn international giant from pharmaceutical sector engaged in the manufacturing and marketing of active pharmaceutical ingredients which have a wide network in India and international markets. Cipla along with other pharma stocks have a bitter experience this year and fell about more than 6 % so far . It is beleived that high raw material cost due to inflation is one of the majour cause for this fall .Cipla is nearer to its 52 week low zone. Broken the support zone at 1000 levels and negative breakdown happened.Now it is tending towards its next support zone of 830 - 780 levels with weak momentum. Reducing debt and increasing profit gives an absolute hope against its sharp fall. Have a strong support at 800 levels and expecting a blocade at this level .
Morning StarA morning star is a visual pattern made up of a tall black candlestick, a smaller black or white candlestick with a short body and long wicks, and a third tall white candlestick.
The middle candle of the morning star captures a moment of market indecision where the bears begin to give way to bulls. The third candle confirms the reversal and can mark a new uptrend.
Script = Cipla
Time Frame = 1 day
Buy at low?? Demo tradeDemo trade
I don't have capital to take fresh position
Price dropped Very sharply and came at support level
Price looks too extended in bearish direction and now it is resting at support level.
Target is 960/1000 for short term
Very tight stoploss
Low risk high reward setup
Can CIPLA go up from here on? How long could it be?It looks like CIPLA is in value area, I could see the sell volume is less compared to buy volume based on VPA. If the price breaks above the range, one can go long? But How long could it be should be decided again by VPA.
cipla near its weekly support after seeing a major correction Cipla is near its weekly support, a long can be initiated keeping a stop loss of 3-4% the targets that can be seen in the short term are of 950 and further targets of 1000, a good risk to reward trade can be initiated but make sure to trade at your own risk.
Cipla my 8 month old chartpublishing 8 month old Cipla idea , again pattern deciding the price movement, and my love for channels
added only a single dotted line today
CIPLA TREND REVERSAL TRADEIf we see CIPLA a pharma sector company we can easily spot a trend reversal candle here.
Keeping sl of hammer can be a good bullish trade in upcoming days.
Also keep in mind pharma sector only gives movement when banks and other sectors are not well
your money your trade
CIPLA LONG-SHORT TRADECipla currently in daily demand zone 880-860 and took halt here making low of 869 ( penetrating 50% demand zone).
Formed sort of hammer on the lower Bollinger band which concludes that it has respected daily demand zone.
strong supply zone at 920-930 levels. Hence I am come up with 2 trades.
Trade 1: CIPLA LONG
Entry : 880 (done)
SL : 868
Tgt : 920
Trade 2: CIPLA SHORT
Entry : 920
SL : 931
Tgt : 880, 850, 820, 770
CIPLA VALUE BUY FROM 820 LEVELSCipla CMP 880 - one of the three top weighted stocks of nifty pharma contributing 12.4% followed by sunpharma (26%) and Dr. Reddy Lab (13%).
After heavy correction from all time high of 1185 right now its trading near 880 levels on 03/03/2023.
One little bounce of 5% can be seen from current levels of 880 , till 920. But the quaterly demand zones lies at 810 to 710 . weekly demand zone lies inside quaterly demand zone at 800 to 750.
Nifty Pharma current level 11800. Complete breakdown of trendline support levels of 12100 on weekly time frame. Monthly demand zone for nifty pharma is at 10400 levels ( 12% away from current levels).
Assuming that cipla also shall correct till 12% from current levels price we get is 775. Luckily this 775 price falls into the quaterly demand zone & weekly demand zone as shown in charts. Also there is support of previous high of 750 levels. In addition to that at 755 there od quaterly mean support.
At this pricing all odds are in our favour. Also its running undervalued at CMP , looking at future growth of the company.
So for investment purpose case study goes like we shall start accumulating from 810 levels till 710 in the ratio of 10% at 810, 60% at 770 and 30% at 755. Hence our avg price of entry will be arounf 770 levels. As its an investment idea there are no sl for that but still we can plan sl of 700 depending upon price action and on monthly closing basis .
Avg Entry Price : 770
Sl : 700 ( montly closing basis)
Tgt : 1000-1050, 1200, 1500
WILL #CIPLA BOUNCE FROM CRUCIAL ZONE??Trade Wisely. We Can Just Predict.
Disclaimer: I am not a SEBI registered advisor , so before entering on my view please ask your SEBI Registered Advisor . Profit is your and loss is your.
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CIPLA ✅ 859-878 Strong Support zone and Price show Good movement and now price on Support level.
✅ Wait on lower TF for a strong reversal and then look for entry.
✅ A good swing entry we can see.
Bullish Engulfing Pattern
A bullish engulfing pattern is a candlestick pattern that forms when a small black candlestick is followed the next day by a large white candlestick, the body of which completely overlaps or engulfs the body of the previous day’s candlestick.
Bullish engulfing patterns are more likely to signal reversals when they are preceded by four or more black candlesticks.
Investors should look not only to the two candlesticks which form the bullish engulfing pattern but also to the preceding candlesticks.
Script = Cipla
Time Frame = 15 min
Cipla Daily Analysis Can riverse from 1170-1200 Bearish Crab PCipla Daily Analysis Can riverse from 1170-1200
Bearish Crab
PRZ 1170-1200
Target 1130- 1100- 1075- 1050-1025-1000-975+
SL above 1222 - candle Closing basis
