CIPLA Longcipla share coming to it's support zone if it takes bounce from their it will give the best risk reward in upcoming days.
CIPLA trade ideas
CIPLA :Range breakout tradeCipla has been trading in a range from last 6 months.We have definite supply and demand zone at 870-885 and 980-997 respectively.Expecting an upside breakout after looking at today's price action.Reasons for upside breakout are as follow's
1)Stock has been in an up trend,and has previously given similar range breakout's on the upside
2)During every fall time taken by price to reach demand zone is more then previous fall took to reach,meaning fading selling momentum
3)In the third fall price reversed before entering demand zone meaning buyers have became aggressive.
4)During 2nd rise we have seen price breaching supply zone .
5)During 3rd rise (from las t 2 day's)it seems like it will take less time to reach demand zone then previous rise again meaning aggressive buying or upside momentum build up.
6)Notice the volume ,through out this range volume's have been falling but in today's trading session we are seeing volume spike along with big up move again indicating buying.
It would be aggressive trade to enter long at current levels and ideally one should wait for an upside breakout,close above 1000 for taking long trade.However entering at current price 975 would favour better risk reward,hence one can enter stock and take 30% position keeping 870 as initial stop-loss on closing basis on the down side which should be trailed once we get breakout on the upside,And add another 30% if we get a dip towards 940 and wait for breakout to take remaining 40% position.On the other end if stock doesnt give us a dip then one should take remaining 70% position on breakout and if it re-enters our supply zone meaning prices comes back below 980,then one should exit long.
Upside range breakout target is coming at 1125.
Disclaimer:View provided over here are just for my future referecnce purpose,no position should be build or exited on it's basis.
CIPLA at imp level for long termNSE:CIPLA
at price action support + dynamic support at 200dma
can add some stocks into long term portfolo+swing
CIPLA SHORTING` OPPORTUNITY25-Nov-21
CIPLA had taken the resistance from the 30day moving average and also taken resistance from previous consolidation zone which confirms bearishness in the stock. Below 883 level will have a good shorting opportunity.
CIPLA - Looks Bearish expected 8% Fall1. Uptrend Channel support broken
2. Trading near Double top neckline, If close below 890 on daily may expect 8% fall
3. Nifty Pharma also Same pattern formed & already double top neckline broken can expect 8% fall on nifty pharma index also
Cipla - Buy only If close above 9201. Cipla is in long unwinding zone for last 4 week &
trading inside the channel
2. Above 50 EMA
3. Tested the support and bounced
4. Pharma Index also formed same pattern
5. Buy only If close above 920 & Expect 10% return
6. If closes below 50 EMA then expect 10% Correction
NSE:CIPLA LongNSE:CIPLA
#CIPLA Trading above the resistance level and post sustainability confirmation one may try 900 CE
All the levels marked on chart, Swing reversal levels also mentioned for safety.
Happy Trading !!
Can Cipla Make you money?Go long
Target 1) 947.10
Target 2) 968.28
Target 3) 978.78
When you see Cipla in 5year time frame you can see something interesting, Pharma and chemical stocks are in a bearish mood and they have fallen from their 52 week high dramatically, When you see Cipla in 5year time frame you can notice that its on the support level.
#Cipla cash : Looks good around 930-933#Cipla cash -Positional call
15 Nov 2021
Looks good around 930-933
stoploss 910
Target 960/990
Cmp 938
CIPLA - Swing TradeCIPLA - Swing Trade
Breakout after a long consolidation with good volumes.
Hold for targets :)
Range BO in CIPLA at support zoneRange BO in CIPLA at support zone , looks good for tgt of 1000+ with 1:2 RR setup.
cipla - weeklytaking support at 890
resistance at 1000
will it take support ?
Educational purpose only.
This is not a recommendation -
I am not SEBI registered - Do not TRADE/INVEST basis what I publish here.
Inspired by - Trading Mirror telugu
Breakout stock Cipla Kiss Principle(keep it simple and Straight)Cipla is simply Trading Short term within the Box Pattern.
Falling line will be decisive factore along with the Mid line of bod for Buy and sell entry
Buy above 918 TGTS will be 938/960/1000 in shortterm
sell move will be depended on falling line,mid and upper line of the BOX
As i always recommend flow with the Market be a Bullear all linear lines and pattern lines can be entry level or Exit Levels
good buy cipla at cmp for targets as mentionedbuy cipla at/near cmp 953
tgts 973/984/999
@sl own risk
positional
'CIPLA' FOR INTRADAYBuy/Sell only on given levels. The above chart is only for educational purpose. Make sure you don't trade blindly, reanalyze and trade.
Cipla - Bottoming OutHolding previous Support Zone Strongly
May come down a little more
Good to add at lows near 880-885 area
View negated below 860
A Nice Channel Pattern.Lets observe what happens.Observation needed. Is there a possibility of a breakdown?
Well, we have to wait and decide in the coming trading days.
Simple Trade Setup | CIPLA | 26-10-2021 [ INTRADAY]NSE:CIPLA
All the levels and most of the trade setup still remains the same as per previous.
Trade Setup for Date 26-10-2021:
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 chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
