CIPLA trade ideas
Trendline Breakout-CIPLABuy zone-Break Trendline
Target- 838
Duration - 2 weeks
Thank You.
Disclaimer: Don't just blindly Trade or Invest, learn and then trade. Manage your risks properly.
This analysis is purely for EDUCATIONAL purpose
CIPLA Buy and hold for 3 monthsMy view:
Big parties buying with huge volume at 800 Rs. The level they may have a view of selling the CIPLA at a higher level.
800 was resistance and now taken support at this level. Now Flight is ready for him.
GET SET GO CIPLA!!!
CIPLA LONG.....Above 829
Support at 700
weak below 700
target at 890-940
respecting 50SMA
above all important moving average
good volumes in last few sessions
CIPLA - Near Ascending parallel channel resistance zone R3CIPLA is approaching Ascending parallel channel resistance zone R3 at monthly Time Frame
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Disclaimer : All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
cipla longin 30 min time frame 3 times tested with pin bar and go up .
tomorrow first 30 min break the 621 and close the candle means take the long position and keep the sl 616 target 638
Cipla - Pullback TradingNote: This is for educational purpose only.
There seems to be a pullback post breakout in CIPLA. Pullback was on back of lower volumes which indicates lower selling pressure. RSI above 60 indicates bullish momentum.
Head and Shoulder Pattern in CIPLA for target of 802-After continues uptrend in CIPLA in today's session its breakout the head and shoulder pattern neckline. Also, It's trading below 200 DEMA in the 15-minute timeframe. Its indicates trend reversal up to projected minimum downside target 802. Possible this target achieve in today or tomorrow session.
Possible Trade:
Sell CIPLA below 820
Stop-loss - 824.50
Target 810 802-
Impending H&S pattern in Cipla!A head & shoulder pattern is being formed in Cipla that too near it's resistance zone, thus the possibility of a reversal is on the cards. Once the pattern is completed, one can go short below the neckline and can expect 806 and even 795 levels in the coming days.
CIPLA BREAKOUT Cipla is at a very crucial level and retested the resistance as well
if Cipla break its all-time high = 839 you can enter and get your target as 1:2
SL will be the previous low as per price action theory = 817
