DOUBLE BOTTOM - SIMPLE AND POWERFULFRIENDS,
My favorite pattern.
everything explained in the chart.
Regards,
INDIAN OX
CIPLA trade ideas
Cipla buy at CMP Target 1057.00 Cipla buy at CMP Target 1057.00 Time period 1-2 Months
Time period 1-2 Months
CIPLACipla,
this stock tested weekly lower bollinger band and bounced back sharply recently, also positive crossover has done in the weekly oscillator stochastic indicator.
the wave structure suggests that it is in a larger degree wave 3 which is getting subdivided.
within wave 3, the stock has completed wave I and II and it is currently in wave III of 3, as wave III unfolds , the stock can posiibly rise higher towards 1120.
one can go long at these levels or in dips ( if any ) with stoploss of last swing low 886.
Wave structure
key levels are mentioned on chart
weekly stochastic turned positive
weekly rsi uptick near 60
bollinger and price action in weekly
bollinger and price action in daily
Disclaimer
I am not sebi registered analyst
My studies are for educational purpose only
Consult your financial advisor before trading or investing
CIPLA Bullish ViewBullish double bottom pattern along with upside breakout in CIPLA, Add Cipla at 906 to 910 levels. Enter only if it retests, Trade with strict of stoploss of 880/875. Trade is risky as Head and shoulder pattern is also there but I believe It will trap more traders before going down. Also stock has given the breakout of 50 & 100 ema as well. Let's see
Note: This is strictly for education purposes. I'm still learning the concepts of stock market. I'm not responsible for your profit or loss. Do your own analysis before taking any positions
Cipla - No more bears ?NSE:CNXPHARMA had been in a corrective mood for past several days, eroding huge market capitalization of pharma stocks like NSE:AUROPHARMA NSE:DRREDDY etc.
At the current scenario, NSE:CNXPHARMA stocks are trying to recover.
NSE:CIPLA has crafted a triangular pattern ( T1 & T2 ) that has given us a bullish breakout and ready to soar.
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CiplaDisclaimer: We are not a registered financial advisor and the above post is for educational purpose only. Nothing contained in this post is a buy / sell recommendation of any kind. Investing in markets is risky. Please seek advice from your advisor before investing in the markets.
CIPLA HOURLY CHART ANALYSIS 🎈the price is ranging in a triangle structure
and in a inverted structure of head and shoulder
lookout for retest
and volumes also
the price might take support from trendline below
thank you _/\_
LUPIN SHORT IDEACIPLA Results weak.
But the commentary states that usually Q4 is not a strong one, Additionally CIPLA has received few approvals towards the fag end of the quarter.
Managemet commentary something that can make investors interested for the time being.
We are looking for SL-608.
If we see weak candles around the middle line, will Opt for more addition towards short side.
Cipla an interesting case on double HnSHead of the bigger potential HnS has a successful HnS breakdown will the bigger one work too?
CIPLA : Intraday ChartCIPLA : Intraday Chart
Buy at 905
Target : 913-923
Stop Loss : 895
Chart Pattern : Falling Wedge
Cipla in a DOW to go DownCipla is making a Dow Theory to go down. You can take a long call at the bounce from trend line
Head & Shoulder in CIPLAAn unusual Head & Shoulder has formed in CIPLA, the right shoulder is much weaker than the left shoulder and could break the neckline without a chance to get in a short position in the retest.
Cipla... gone ??Seems to approaching strong support zone around 860 - 867 zone
Upside capped @ bearish level.
My gut feeling.... exit long term investment near bearish level.. you can reenter at lover level.
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Head & Shoulder Pattern. Educational Purpose OnlyHead & Shoulder Pattern on a daily Timeframe..
Following a Trendline.. If it breaks the trendline & Neckline of H&S Pattern..
We can expect a 100 points downward move..
RSI showing Negative Divergence.. Keep on Watchlist.
CIPLA LTD Weekly Analysis CIPLA LTD weekly analysis could be a potential upmove📈
Things to consider :
1. weekly channel
2. Strong Demand Zone
3. Price Action to be considered
Buy "CIPLA21AUG960CE" between 28-29Buy "CIPLA21AUG960CE" between 28-29
Will update SL and target. After activate.
