CIPLA has retested all time high resistance. It is consolidated nearly 1 and half years. Current RSI IS 63. Retested the resistance line.So there is high probability that it will move forward. You can decide S.L. and target as per your strategies. Above information is given for the educational purpose only. Do your own analysis.
KINDLY SWITCH TO 5MIN TIME-FRAME Used past analysis to find support and resistance level on 15min time frame. Once marked, waited for breakout or breakdown. As Cipla breakout, ON 5min Time-frame. A fake breakout green candle formed. And hence reversed back. Again breakout on 5min Time-frame, then waited for pullback back. A Hammer candle formed at 10:25. As...
NSE:CIPLA One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle. Close should be good, and Clean. R:R ratio should be 1 :2 . Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
Can buy cipla bove 995 with a stop loss of 3.36% that will be below recent low if you want to reduce sl can do according to hourly chart which might cause re entry target is 9% almost 1:3 trade there is risk involved please consider before investing or buying
Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all. ======= I use shorthands for my trades. "Positional" - means You...
Cipla has given breakout from its supply zone and XABCD is activated. A good opportunity to go long.
Current trend Analysis with trendlines for Daily Weekly Monthly charts
Stock looks good for break above the yellow plot Pattern wise a solid triangle breakout Disclaimer: The content of the idea and the interpretation of data are solely my personal views which being said I do not warrant its completeness or accuracy. This idea published is purely intended for educational and informative purposes, I urge traders to make their own...
Cipla may touch 1075 very soon.This is only for educational purposes.
Hi Traders, Cipla has broken the triangle pattern in Daily time frame and expected to reach 1160 levels. Its an opportunity for Short term BUY. Buy above 1010 - SL 950 Thanks
r : R ratio is 1 : 2 Rest as per Charts Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all. ======= I use shorthands...
Cipla trendline breakout was observed on the 13th and target 1 has been reached. Also, Resistance levels of 975levels have been breached today so we can look for small Target 2 around 994levels. Follow me for more analysis
CIPLA is looking good on weekly charts giving breakout above its trendline, we need to keep this at our radar for more upside.. cmp is 980..
Cipla has shown great bullish momentum and wonderful price action, with the quarterly results being announced o 29th July, the stock can make a hue move up to the latest high. Stop loss: 949.65
formation of triangle ready to breakout also a kind of flag pattern under triangle stock is running above 50n200 DMA above red trend line go for long side
There are multiple resistance and if it breaks that resistance then we may book some profit. buy@961 sl@949 t1@966 t2@975 t3@994 Note: This is only for educational and learning purposes. Trade at your own risk.
CIPLA LTD seems Inverted Head & shoulder pattern. It's strong bullish pattern. Price breakout the neckline at 985. Now its rally move towards upward resistance. keep concentrate for the price sustain above 985 in daily chart.