Cipla seems ready to fly...Details on chart.
I have been avoiding trade due to News driven market scenario. But 2 strong days is bringing some scripts back in Price action.
But still one needs to be very very cautious because the uncertainty is not yet over.
If cant avoid to trade then ensure to be stringent with SL.
Capital protection is more important then...
NSE:CIPLA
#NSE:CIPLA trading bullish near to resistance, showing bullish up swing trending momentum in stock.
Potential levels marked on chart.
Happy LEarning👍
CIPLA LTD
Stock trading in a range for more than 10months
Now seems breakout may happen, by seeing volumes
Good be a good bet to enter above 1000 for positional or save above 1008 levels
Intraday trade also can be taken, use 5min Chart for SL
In case of Gap Up or Gap down, please avoid setup.
Note:-
Above levels for education purposes only.
Do your own...
buy above 1000 in intraday safe above 1005
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapup or bo...
Stock is has formed a bullish flag pattern on weekly chart being the support region near 850 zone & resistance area at 1000 zone. Any sustained move above the level of 1000 will lead the stock to the new highs in a very sharp upside rally. Stock is consolidating from last 1 year , so the momentum after the breakout wil be strong.
Trading strategy:
Buy above...
Fibonnaci levels have the lowest probability if winning
Pivots(yellow lines) have the highest probability of winning with CPR(Dark Blue lines).
Demand & Supply Zones have very high power and can consolidate and probably change the direction of the day's trend.
Trade only ITM not ATM if going short
Trade only OTM not ATM if going long
From the chart it is seen the stock has been consolidating between 900-1000 levels since April 2021. Only time will tell when it will cross the upper or lower level. Since it is all time high , a target of 1500 is possible considering the duration of sideways movement of the stock
NSE:CIPLA
Observations:
1) On 15min chart, we can see acending trianlge pattern.
Please refer below chart : 15min Time Frame.
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Trade Setup for 07-03-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the...
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Buy Cipla long term profitable buy
Buy Cipla long term profitable buy
![CIPLA: Simple Trade Setup | CIPLA | 07-03-2022 [INTRADAY]](https://s3.tradingview.com/w/wILlcrFy_mid.png "Simple Trade Setup | CIPLA | 07-03-2022 [INTRADAY]")
