CIPLA trade ideas
Cipla forming flag and pole.Cipla after breakout is consolidating in a narrow range.
The stock looks bullish to me but can break down due to the volatility in the market.
Support :- 1036, 1008
Resistance :- 1080.
The stock can form a double top pattern or might touch new ATH.
Cipla Ltd.Cipla Ltd.
Cipla is a leading pharmaceutical from India with a presence across the world. It was established in 1935 as Chemical Industrial & Pharmaceutical Laboratories Ltd and changed to its current name in 1984. The company has a vast portfolio with more than 1,500 products in the market.
TECHNICAL ANALYSIS.
Time Frame - 1D
1. Stock gives the breakout of the previous high.
2. Stock gives the breakout of the consolidation zone.
3. Supertrend is positive.
4. Alligators are in uptrend.
5. Stock trading above 20/50/100/200 DMA.
FUNDAMENTAL ANALYSIS.
SECTOR: Pharmaceuticals & Drugs
1. MARKET CAP - ₹ 84,739.68 Cr.
2. P/E - 31.17
3. P/B - 3.88
4. ROE - 13.25 %
5. ROCE - 18.19%
6. EPS - ₹ 33.69
7. CASH - ₹ 874.80 Cr.
8. DEBT - ₹ 0 Cr.
DISCLAIMER - All analyses are for educational purposes. it is not trading or investment advice.
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CIPLA Short Dark Cloud Cover On a daily chart, Cipla has formed a dark cloud cover pattern near its resistance. RSI shows a descent away from the overbought zone back into the middle, giving us a leading indication that the stock might correct. The trade should only be executed if; 1) The volumes are slightly higher than the average of the past 7-10 days because that is when the maximum movement has occurred recently, 2) The opening on 21/03 is almost at par with the previous close of 1048.
The stop loss for this trade is around 1/2 of daily ATR, which is slightly above the resistance as it gives some wiggle room for the stock, and the target is 1.5 of daily ATR at 1004, which is a bit far from the next support level at 984 due to 2 reasons; the overall market is on an uptrend for the past few days so we might get some buying sentiment as well in Cipla, and also because of any new developments that may happen with regards to covid-19 which may trigger a bullish sentiment in the pharma sector. Hence, the target is not kept overambitious, and the risk/reward ratio is promising at almost 3.
CIPLA - Important support/resistance levelsKey highlights:
- Marked out a few important horizontal S/R levels in order to give a better idea to the new learners.
- Do not trade in between the levels, always trade level-to-level.
- Consolidating for the last 1 year.
- The parallel channel has a width of about 107 points.
- Using the measurement objective, the upside breakout target of the parallel channel lies somewhere near 1090.
- The price is well above 200 MA cluster, hence the bias is positive.
- Any pullback towards 950-970 seems like a good buying opportunity.
Disclaimer: This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
Happy learning. Cheers!
Rajat Kumar Singh (@johntradingwick)
Community Manager (India), TradingView
Cipla Flag Limit Demand zone formed...Cipla: Price formed a demand " Power Pattern " i.e. " Flag Limit "
Wait for price to come at entry level and then buy, with a SL of Rs.21.50.
Minimum target is 1:3 then 1:4 & 1:5
CiplaThe cipla has broken out from a Range bound with strong volumes.just for educational purpose only.
CIPLA All detail for chat. good entry at 995 Around price and must stoploss is 940 minimum risk and good profit. risk ratio 1:1 in first target. This is not call my idea only. Please understand your risk and take full responsibility of your actions
cipla range breakout above 1000 in day timeframecipla given a range breakout after more than 11 months consoldiation between 870--1000
sustaining above 1000... will give bullish move toards 1100+
Cipla Long (14 Mar)Cipla Long (14 Mar)
RSI- 76
Parallel Channel breakout
CMP-1043
Buy around - 970-1000
SL- 931
Target- 1072 and more
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Charts and views are only for educational purpose.
CIPLAATH BO with consolidation
keep an eye on Pharma sector also
SL 800
...follow RISK management & position sizing
CIPLA - RANGE BREAKOUTCipla Broke The Consolidation It Was Having From So Many Weeks And Now Buying In Retracements Or Around Fibonacci Levels Should Be Done
NOTE - THIS IS JUST FOR EDUCATIONAL PURPOSE. TRADE WITH YOUR OWN RISK
Break out 👍This guy breaks the all-time high.nifty pharma also bullish.take position with proper risk and do own analysis.❤️
Breakout on Cipla LtdNSE:CIPLA
has given breakout
after a long consolidation stock is going upside.
Fundamental Tailwind also support
Take long position with proper SL
NSE:CIPLA Blasted and high chances to continue the momentum !! NSE:CIPLA
#NSE:CIPLA levels shared on 8th with levels marked, just done minimal retracement & CIPLA blasted with high volumes post BrekingOut key level,
Classic example of Pure Price action BO.
Felt happy by seeing all the traders profits, Kindly don’t forget to maintain Strict SL while entering this type of trades.
Attaching previous chart shared.
Happy LEarning.
BUY NEAR 1010 FOR TGT 1115-1280 Sl 974Cipla given break out and trading at new high.BUY NEAR 1010 FOR TGT 1115-1280 Sl 974
Cipla BullishCipla Seems strong weekly closing in life time high
indicates rally may continue
concentrate if price sustain above 1045 in daily
CIPLA
CMP: 1044
- Appeared in my screener yesterday
- Ignored rising volumes too
- Good breakout after 1 year of box consolidation near All Time High
- Not going to chase this one
- I will wait for 960-970 to enter
