1. stock breakout resistance level almost 8th time
2. stock retest and create mini flag pattern (10.1.24 goods for interday)
3. stock close high price with green candle
4. volume also build
5. 1329 stock higher price since
6. entry should be 1330
7. target as per you planing
for my side 4% first target
8. Stop loss should resistance level where stock give breakout
CIPLA Looks good for Swing or Longterm Investment We can clearly see a Perfect Breakout with Mandatory Retest & Now Stock Ready to Fly further Rally
KEEP ON RADAR
FOR LEARNING PURPOSE
CIPLA LTD- I am going to buy this stock.
This is a positional trade for me and the minimum time frame for a positional trade is 2 months.
The minimum target which I am looking from this stock is 35%
This stock is looking great to me and has got good relative strength.
Structure looks good.
Current Formation - Elliot Impulse Wave
1) Wave2 took a support @ 0.5 level of wave 1
2) wave 3 took resistance @ 2.618 level of wave 1
3) wave 4 does not overlap on wave 1 .But it took support @0.618 level of wave3 (Fib
level alone not met Elliot wave condition)
4) wave 5 extended wave
Current Trend: :
Current at Top of parallel channel and Max OI...
Cipla is currently exhibiting signs of a potential head and shoulders pattern breakout (b/o). This technical analysis pattern often signals a reversal in the prevailing trend. The pattern is characterized by three peaks, with the central peak (head) higher than the surrounding peaks (shoulders). A breakout is anticipated when the stock price falls below the...
Inverted Head & Shoulder pattern
✅Don't Miss the Setup
CIPLA
+ Big base followed by a Good up move
+ Low Volume during the base Formation
+ Trading above Key EMAs
+ More explanation on the Chart itself
Again my favourite pattern. Slanted inverted H&S. This pattern is my invention. Trade is missed though. Just sharing for knowledge. It's on ATH now. Can be taken into consideration if trendline re-test.
1 hour time frame breakout of channel it's down trends now.... For F&O
NOTE:- EDUCATION PURPOSE ONLY
Not an advice to buy or sell.
Trade well , and do your analysis before entry.
Thank you❤...
As CIPLA faces a big rejection from the top its now in the consolidating zone,
upcoming move could be downside only
levels are marked in the chart.
purple line - Daily chart lines
grey line - 15 min time frame NSE:CIPLA
Cipla looks good for a positional trade.
Buy above Rs 961.80, SL 942.
Target will be set afterwards, we may also trail our SL/Target considering the market behavior.
The entry price may also be modified depending on various circumstances.
Disclaimer: The views expressed in this article is of my own. You're solely responsible for any decision taken in the markets,...
Cipla coming to RETEST its breakout zone. Good positional buy opportunity.
Entry price, SL and target will be decided afterwards.
Disclaimer: The views expressed in this article is of my own, you're solely responsible for any decision taken in the markets. The analysis I've shared is just for informational and educational purposes only.
keeping trades simple - based on trendline + resistance breakout
and with strong market support
buy entry in cipla for target range 1214-1218-122
stop as per comfort
disclaimer - trade @ ON RISK
