Cipla buyA great apportunity to buy the cipla. The market has been cross the trend and retested the trend. The market has obeyed trend line and moved upside↗️. So there is the chance of market to move till 950-1000. So don't miss the chance.
CIPLA trade ideas
CIPLA LONGCipla is currently on a 20 year resistance level and being tested since 7 days with bear-bull combination.
Today's movement it finally gets 20-50 DEMA crossover.
Based on tomorrow's opening, with a pivot at 890.
Above 910 targets can be respectively 920/930 and above 955 can be a big move.
Below the buyers zone where the stock has been tested multiple times for support, wait for a price action and short only below 864 with respective targets.
Today's candle indicates neutrally bullish.
You can always do back testings on Day/Week/5min charts as per your experience and track the stock results to have a stronger view before taking any trade.
This is just my personal study and analysis. Do not trade on the basis of just my study. Do your own research as well.
cipla daily chart fibonocci retracementcipla is on its major retracement which is 60% if it is taking a support on this surely it will go higher and also forming a traingle pattern
Resistance turned support zone for ciplaCipla is at a short term support zone which was acting as resistance a few weeks back. Good short-term opportunity for a target of 915.
Please Like and follow!
Happy trading :)
CIPLA - 20 YEAR CHANNEL BREAKOUTCan go long if closing above 923 - Length of old channel is around 475 rs. Next long term target may be in 6-9 mnths should be around 1300-1400. It has sustained above the channel for 2 months; and analysis is backed by blockbuster results posted this quarter.
SL - Weekly closing below 730
LongStock formed Flag and Pole Pattern , the flag is broken.
Buy above 920 on daily candle close.
hold long for big rally, 23% rally excepted if Market supports else it fall.
Disclaimer: do trade on own risk
CIPLA LOOKS BULLISH FOR SWING TRADEBuy if Price breaks above trendline of triangle & rectangular resistance,
Price on major support and also has trendline on bottom,
Use green lines as TP's,
Fundamentals also Look Bullish ,
www.moneycontrol.com
catch amazing CIPLA move don't Miss out earning result @ 14/5/21
* symmetrical triangle
* momentum increasing
* range bound between previous resistance & support
buy @ above 910
sell @ below 870
NOTE - (have to sustain at least for 15-30 min)
Cipla Earnings special analysis | #LetsMakeMoneyTogetherMy fav symmetrical triangle breakout ... upper trendline been tested many times and is clean meaning no gap ups above the line and coming down back into the zone of triangle .... a closing above the line on 15m or u can watch for a good risk at 5 min too depends on your RR ratio and RM system. Take the trade as per
Happy trading :)
CIPLA swing trade ideaAfter an implusive move the stock has pulled back and is taking a support at fibonacci retracement level of 38.20% and 50ema, and stochasticRSI is crossing over. A break above the descending trendline will be a good buy opportunity for swing trade.
Cipla - Keep an EyeLooks like the bottom has been made
Stock may consolidate for some more time before starting the north journey
CIPLA daily demand zone setupCIPLA daily demand zone trade setup marked on charts. Hope price will test that zone again and fill pending orders(only possible if still buy orders are pending on this zone) this time and price will bounce back again.
