Cipla : Touched a big supportCipla just touched one of its big supports and was consolidating at 15/5 min time frame, Go long after it breaks Today's high (22nd July). Good potential for intraday and possibly swing as well.
CIPLA trade ideas
Educational view / Expecting this / ciplathis is just an educational view
keep it into your watchlist
Cipla - Long Candidate in near future1.Trading Near 200 Ema. has a tendency to Move when it trades near 200 Ema
2 At trend-line support
3.Entry after Trend-line Breakout will be beneficial
4.Keeping Swing low as an SL and Target near Nearer resistance
Cipla fake breakoutCipla having fake breakout. Volumes are not increasing. Can trade with Box breakout or breakdown with good volumes. RSI looks not good.
Swing trade∘ Head & Shoulder Pattern
∘ Breakdown & Retest confirmation of downtrend , If fake fall go long target all time high
Note : Always be extra cautions with breakout trade with confirmation
RSI Divergence in Cipla!!The price action/behavior in Cipla shows that the buyers are strong and have been pushing the price higher which should result in a breakout . There have been multiple retests on the resistance zone / the supply zone . However , RSI shows a clear divergence or in simple words , RSI is making lower highs . Hence it would not be advisable to take a position in Cipla at this moment . Only if RSI shows and up move with strong buyers , price gives a breakout with good volumes , then only one should go long.
CIPLA Monthly chart for a long term view. Looks good!!
Once you see this chart please share you views on this.
Disclaimer: Chart is shared only for educational purpose. Before investing please consult your financial advisor.
'CIPLA' analysis for 12th July 2021Buy/Sell only on given levels. The above chart is only for educational purpose. Make sure you don't trade blindly, reanalyze and trade
Cipla - buy Buy from 953 to 949
easy target - 974
tg2 - 989
Disclaimer : This is my personal analysis for study purpose not intended for trading
CIPLA Share Price Trend Analysis by THE DECISIVECIPLA is making a triangle pattern at 1HR Time frame for which breakout is expected. As soon as breakout happen with vol then we can make a position in the same. Target & SL must be as per chart pattern which we suggest/teach during our Beginner Module Course. Happy Earning!
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This was just for educational purpose only & not recommending to BUY/SELL of any Script.
CIPLA at an opportunity level..!!CIPLA at trendline support. Expected reversal from here.
Target: 1020
SL: 940
Cipla intraday trade idea for 7th July#cipla entry and exit levels on the chart (refer black/blue lines). Place SL@0.4% of the entry price. Zones (in pink/orange) are the places where it's unsafe to enter.
