CIPLA trade ideas
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.
CIPLA - High probability of Bullish movmentCIPLA is again in the channel from where it has moved up previously.
Highly likely that it may go up again,.
Cipla Breakout Trade For 22-02-2021 Cipla Test 800 more then 4-5 Time With Strong Support
We Can Short Below 795
Target As Mention In Chart
This is Educational Purpose Only
Cipla Daily ChartCipla Daily Chart
Stock is at crucial level.
If it able to hold the support then wait for reversal candle to go long.
Cipla - Very critical zoneCipla closed at a very critical zone. Has support from the trend line and also long term support near 800 zone. If breaks the support level then short below 795.
Do not trade if does not take support from trend line but respects the 800 level.
RECTANGLE PATTERN BREAKOUT AT ALL TIME HIGHENTRY:-869.7-870.5
SL;-827.7
I shortlisted this stock because of following reason
1>BO candle is strong and vol. is good
2>Stock is above 20EMA,50EMA and 200 EMA
Cipla Breakout Trade For 17-02-2021 Cipla Breakout A good Downside Trendline on 15 Min Chart For Upside Move
Can Long On 850 Above
Traget As Mention
Qty Strickly Follow As Per RISK Management
