CIPLA trade ideas
Cipla closed above strong resistance Closed above strong resistance today. Can make newer high levels from here. For educational purpose.
Symmetric Triangle, Swing , CIPLAThe Triangle is broken along with resistance that tested multiple times and after consolidating for long time cipla can move up to create higher high. since current market is highly volatile and uncertain, and being a nifty stock it can take hit during a short time correction. so the either strict stop loss can be followed to avoid locking of capital or hold it for short time according to your risk capacity and trading style.
NB: this is not a stock recommendation, just sharing my view and chart analysis.
CIPLA - above 823-825 @mayurdharodNSE:CIPLA breaks out of the consolidation above 825. Watch out for a good upside.
Positional trade - CiplaInverse double head & shoulder pattern in #Cipla. The stock is likely to give good upside move
CIPLAWatchout Cipla for day trading.
It has broke triangle pattern and also looks like it's at the neckline of an double bottom.
Cipla 5th wave - 15minCipla has completed the 3rd wave and right now in 4th wave (Corrective).
3rd Wave - 1.618 of 1st Wave
Entry - 809
SL- 803
Target - 820
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
