CIPLA is in multiple consolidation zone from monthly/weekly and now the stock is also in daily consolidation zone and above 902 level then target 915 is achievable.
see chart Support at 890 Resistance at 1000 will it take support ? check the link below- nov 11 posted it took support and resistance. 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
stock is at the bottom curved line which is a good support..
Cipla is selected due to strong charts in pharma Index and Due to sector rotation and now it is to be seen that pharma will be on Last part of the bull run.
Resistance lvl 1000 Support lvl 895 demand zone Choose your profit and stoploss Last support 840-847
Cipla could have completed the consolidation and has possibilities of having impulse move from here in the coming days
Stock has taken support near 200 DMA which is 903 (Demand Zone) . Have spent time in consolidation between 900-920 Levels and have given breakout today above 924. Target Price Mentioned in Stock chart . RSI divergence , MACD crossover Buy at 930 . Target 1 -957 Target 2-986 SL-885 . ( I am not sebi-registered analysist . so trade as per your analysis )
Keep ! What do you want ed traders? Profits! That's only 940 fib ret and resistance now support 940-946 sup to demand Goodluck This is reference only Pharma sector will be new high!
1. Entered Channel 2. RR of 1:2 3. Volume Spike 4. Corona Benefit 5. Good Distribution After Rally Target Open for 3 months Like If you Agree
Watchout for Cipla , price is range bound currently in weekly chart. For Intraday it can move above 976.5 Level Big breakout above 1005 Level.
The stock has been in Consolidation for more than 7 Months and tried to break out several times. Volume has increased significantly in the last trading session. 200 EMA acting as a strong support. Looks good above 992 for swing trading with STPL below 865. With the new COVID Variant, Pharma stocks are on the rise, so by the looks of it, this is a high probable...
The stock has given a breakoutwith high volume and is expected to move further. See charts for targets
if cipla sustains for good time with decent value above 1005, it can be good buy
Huge Volume seen at support. Even rising in bear market can go long. Only for educational Purpose. Marubozu Pattern formed.
channel, box breakout. can wait for pullback for education purpose only
cipla share coming to it's support zone if it takes bounce from their it will give the best risk reward in upcoming days.
Cipla 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...
NSE:CIPLA at price action support + dynamic support at 200dma can add some stocks into long term portfolo+swing