Cipla, the price is trading below the long-term group of ema's also we have a bearish cross of ema bands. The degree and nature of separation of both bands indicates price consolidation on these levels. So, we use Darvas Box to trade the instrument.
Short Trade Setup
The breakdown of 1145 will open the lower levels of 1080 which is about 5%
Also we have a...
One of the few stocks which was weak even over the last couple days when our markets went up.
Short below 1150 with SL above 1165. (Short term breakdown)
Go long if CIPLA if cross 1268.90
then take
Entry : 1268.95
Stop loss : 1210.95
Target: 1382.75
Take position with less QUANTITY because it's at high and risk is high
BUY - CIPLA LTD
CMP - Rs. 1256
Target - 1: Rs. 1751
Target - 2: Rs. 2163
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Timeframe - 4 months - 6 months
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Technicals - Ascending Channel Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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CIPLA
Positive -
-- A good reversal seen from 200 EMA Support
-- Company is in growth condition as per research
-- A tweezers top pattern seen at support level
Negative -
Low volume spikes in reversal
Support - 852
Upside movement til - 1083, above 1000 & Above 1083 approx 1200
This chart is only for educational purpose
If Stock opens Gap up or Gap down from the buy price please Avoid trade
DISCLAIMER:- I'm not SEBI registered research analyst or investment adviser. All stocks & information given is for educational purpose only. Consult with your financial advisor before taking the trade on my views given here.
I am excited to share some fantastic news regarding our investment in Cipla. We set a target of 1250 from our entry point of 1205, and I'm thrilled to inform you that we have successfully achieved this milestone. Our careful analysis and strategic approach have enabled us to capture this impressive move in the market.
Key Highlights:
Target Achieved: Cipla has...
Introduction:
Cipla, a renowned pharmaceutical company, is currently experiencing a bullish momentum, fueled by positive developments such as the recent Blackstone news. This article explores the potential breakout scenario for Cipla, as it approaches the critical resistance level of 1205 and potentially aims for a further surge towards 1238 in the coming...
Cipla has given weekly breakout above red dotted trendline.
More upside.
Any dip is buying opportunity. Target is open.
SL - Weekly candle close below red trendline
As Per Technical Analysis and Volume Analysis Mention Stock looks Bearish If its break 1159-57 Level then Possibly it will test 1120-1100 Level if you are ready to take Risk then Go with Option Trading.
Buy CIPLA AUG 1130 PE Near 17-18, Sl 13, Target 30,35
Time Frame 5-7 Days
Investment - 11700
Maximum Loss - 3250
Profit upto = 11000
Only for Educational Purpose.
price is in a rising channel and has taken support @ 200 ema. Also both 9 and 20 ema have crossed above 200 ema. though 50 ema is still below 200, it is also raising. the stock is coming out of a fall and is in a major resistance zone 1020-1044.
Though RSI is above MA, its not yet in overbought zone, indicating still demand is pending. also the stock is above...
