CIPLA trade ideas
Cipla hits almost 800 after breakoutCipla hits almost 800 after breakout. It gave chance to buy again near breakout point.
Cipla | Bearish Harmonic pattern =====================================================
⭕ Day Trading opportunity ! 15 min Chart Alert !!! ⭕
--sell below 789.45= or CMP
--Target = 775
--Stop-loss = 794
--Lot Size = 1300
--R:R = 2.81
--Expected Profit = 16,900 ₹ per lot (1.74 % )
--Expected Holding = 1 day only
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⭕ Technical Reasons to trade OR Strategy applied :- ⭕
1) bearish harmonic pattern
2) rejection at top
3) Trade is confirmed with big bearish candle
4) we just need breakdown of support
5) cipla gap is expected to fill soon
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CIPLA Breaking out of Bull FlagCIPLA is showing Bullish Flag breakout with above average volume. The gap up which looks like a breakaway gap is indicating further strength in the move. We can look for a price target of 1.618 Fib extension of the recent weekly wave at 880.
Looks getting readyshort term targets 805/815
closing above 815 opens pitchfork lines as targets and super bullish
SL below 750
my 15 min analysis for ciplaas i drown cipla is moving in the rising channel and trying to come at its support and also forming a fakking wedge pattern so this is my analysis
CIPLA , Trend break or support break ??Cipla's been in downtrend from last week , now it is mear its support .
Sell below 750 , target 743 - 740 , SL 753-755 .
Buy above 760 , target 765 - 770 - 775 , SL 748-750 .
Always wait for retest , if no retest is done , dont trade .
Happy TRADING .
CIPLA - Strong Buying Zone.Happy to share another stock this week. Cipla.
Last week indusind bank given. More than 5% returns floating till.
This Cipla has more power breakout yet to see from next trading sessions. Let's talk about this a week later.!
Ascending Parallel channel in CIPLASupport and Resistance: Traders could open a long position when a stock's price reaches the ascending channel’s lower trend line and exit the trade when price nears the upper channel line. A stop-loss order should be placed slightly below the lower trend line to prevent losses if the security’s price abruptly reverses and also vice versa .
Breakouts: Traders could buy a stock when its price breaks above the upper channel line of an ascending channel . It is prudent to use other technical indicators to confirm the breakout. For example, traders could require that a significant increase in volume accompanies the breakout and that there is no overhead resistance on higher time frame charts
Breakdowns: Before traders take a short position when price breaks below the lower channel line of an ascending channel , they should look for other signs that show weakness in the pattern. Price failing to reach the upper trend line frequently is one such warning sign. Traders should also look for negative divergence between a popular indicator, such as the relative strength index ( RSI ), and price. For instance, if a stock’s price is making higher highs within the ascending channel , but the indicator is making lower highs, this suggests upward momentum is waning.
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Cipla out of the box... Trade it wellCipla reached upper box level and broke... Trade it well with proper sl.
