CIPLA trade ideas
Simple Trade Setup | CIPLA | 25-10-2021 [ INTRADAY]NSE:CIPLA
Observations:
1) On daily time, it close just above 200DMA.
Generally 200DMA works as major support.
If it gets support from 200DMA then we can see good bounce from this level.
It closed between two critical level which were working as major support in past.
Level 900 which was recent previous major support.
Level 880 is critical major support. If it goes down from CMP and gets support from 880 then on breakout of 900 level will be good safe buy for positional trade.
Please refer below chart : 1day Time Frame.
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Trade Setup for Date 25-10-2021:
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.
FALLING WEDGE IN CIPLA Falling Wedge
When a security's price has been falling over time, a wedge pattern can occur just as the trend makes its final downward move. The trend lines are drawn above the highs and below the lows on the price chart pattern can converge as the price slide loses momentum and buyers step in to slow the rate of decline. Before the lines converge, the price may breakout above the upper trend line.
The descending wedge pattern appears within an uptrend when price tends to consolidate, or trade-in a more sideways fashion. Connecting the lower highs and lower lows will reveal the slight downward slant to the wedge pattern before the price eventually rises, resulting in a falling wedge breakout to resume the larger uptrend.
#CIPLA - Down no more#CIPLA - #CIPLA - Just long as can hold on to 869, could be headed towards 955 and 1000.
CIPLA Nearing support Long opportunityCipla is near to the support and trendline. We can go for long at 885 levels.
#Cipla next updated harmonic#Cipla next updated harmonic
CMP -905.90
PRZ -894.85-876.15
SL - 868
Date - 20-October-2021
cipla looks like bearish.it forms head and shoulder pattern-RSI is below 40
-RS strength is negative
-forming H&S pattern (at list it looks like that)
-volumes are dried
-weakness below 880rs level
Accumulation phase in a rectangular box The stock is under accumulation for the past few months.The chart is self explanatory.Read the details given in the chart for a thorough knowledge.
Option sellers can use this script by doing strangle or straddle with break-even falling between 885-999 preferably.
This post is for educational purpose only.
Descending Triangle Pattern formation in CiplaDetailed analysis given on the chart related to this stock
NSE:CIPLA
Cipla looking good for long positionCipla is trading in in the channel since the start of 2021
And now its coming back to its support which would be good buy position for long
880-910 is to be considered good buying position
With stop loss of 840 which will be crucial support for Cipla👍
💉💊 #Cipla 🎯NSE:CIPLA
Cipla share on support. One can trade for swing as per their trade setup.
******whatever charts or levels sharing here are just for educational purpose only, not a recommendation. Please do your own analysis before taking any trade on them. We are not SEBI registered.
CIPLA 1100 + 10% BIG MOVE WAITCIPLA | LONG trade watch | Breakout possible. Good move . expected. wait watch. More details on chart
Entry . Breakout Buy
stop . Swing Low
Target 2:1 RR . Hold for more
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Buy 980 CE 28OCT above 48# When on Hourly Chart price is closing below 982.65 (Fib Ext - 0.5% Level) then Enter.
# This will come down till 953.75 (Fib Ext 2.11% Level) which is coinciding with 200EMA
# RSI is below 60 and making Lower Highs which also indicating Downtrend
# As per Demand and Supply Zone methodology, Price is at High On Curve
CIPLA ( PHARMA STOCKS)As we all know , Cipla is a Pharma stock. The stock gave a good momentum in past few days. Seeing the pharma sector , I am bullish on this stock to create higher highs.
CIPLA - Swing Trade AnalysisCIPLA swing analysis
In above chart we have used1 5 min time frame.
Traders can go for swing trade for this one .
See the movement and Go long or Short after proper breakout and break down
Please put proper stop loss
*We are not SEBI registered
This is only for educational purpose.
Please consult your advisor before making any trade or investment
Cipla looking bullishCipla can buy at open tomorrow, looking bullish, and tested the demand line of a validated channel. Target can be the supply line of the channel
CIPLA Head & Shoulders pattern in formation?CIPLA is in the process of forming a Head and Shoulders pattern on the Daily chart. The left Shoulder and the Head are already complete we are possibly around the right Shoulder. If true, price can retrace to the baseline at 880.
Trading here can be risky as we are in the middle of pattern formation and it may be invalidated at any point above right Shoulder. Only risky traders may enter short with stop above the right Shoulder. Otherwise better to let the pattern form completely and place trades then.
CIPLAstock is forming ascending triangle, possible upside move, enter on breakout, 1300 Target with a Sl of 911
