Watchout for Resistance breakoutThe stock looks good above 820 level for a target of 864 positionally
CIPLA trade ideas
💊 #Cipla #niftypharma #nifty #nifty50NSE:CIPLA
as of now it has taken support. one can go long as per their trade setup, it might come again to same reversal zone and then if find reversal again one can go long from there as per their trade setup.
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
[Intraday] Cipla Bull Flag PatternRefer the chart.
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. Please refer to the link to my footer and explore further if You want.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
I also do my trades live, Please refer to the link to my footer if you want to tail me.
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intraday target Cipla buy on monday in intraday when it cross 765 level and target has 780 because of retercment of short term in cipla
CIPLA SHORTAt break below 800, stock might make a move towards 780-
Stop loss : 818
Disclaimer:
The content of the idea and the interpretation of data are solely my personal views which being said I do not warrant its completeness or accuracy.
This idea published is purely intended for educational and informative purposes, I urge traders to make their own trading decisions based on their specific trading objectives and financial position
CIPLA : Cup and Handle formation on hourly chartAll levels are mentioned on the chart. For educational purposes only.
CIPLAThe stock has been in a bullish wedge pattern and has broke down from the support line.
Has it is a pharma stock it might not come under severe selling pressure but short term
bearishness can be seen in the stock with the target of 700
CIPLA - Plain n SimpleBreak above 820 (with Volumes) will make the stock Bullish
Break below 780 (with volumes) will make the stock Bearish
Trade Accordingly !!!
CIPLA_May show upside movementCIPLA is currently trading in a channel pattern. It may show some upside move as it is trading near its support zone.
(for educational purpose only, do not invest without your own research)
Intraday trade setup (12March, 2021) Go short Roughly around ₹820 with stop loss of ₹824 for a Target of ₹812/808/803 ***Risk /Reward= 1:2 based on 1st target 812***
There are always two possibilities in the market.The information that we gather from the chart is that the stock is around it's resistance line. That gives us enough insight as to how we should trade the script.
How to trade this particular idea ?
1. As seen in the past the stock has strongly reacted around the line with good candles. We can assume that the stock will repeat it's behavior again (although history doesn't Always repeats itself).
2. If there is enough momentum for a breakout we can go long after a pullback around 820-822 level, and if the buyers act weak we will short after the stock gives the confirmation of going down. This can only be observed through price action and not through any indicator at the moment of trading.
I'd like RSI to be above 60 for selling but that is just a preference as it makes the conviction strong.
Cipla running in a Channel Actually this is the channel patter of I saw in the Cipla, wait for the breakout or breakdown with perfect candle closing below or above the channel, if you found any patterns in the chat let me know in the chat section. I gave a Cipla breakout in the previous idea, it was immediately fall after the testing the triangle pattern.
CIPLA GAVE A BREAKOUTALL THE LEVES ARE MENTIONED IN THE GRAPH, SELECT YOUR STOPLOSS ACCORDING TO YOUR RICK MANAGEMENT.
Get into the stock at your own risk it's was just my view on this stock.
