CIPLACipla continues it's rally. Price may retest 1270 level. After we can see this rally to 1450. Rally day and month wise bullish.
CIPLA trade ideas
CIPLA READY FOR 1400/-Head and Shoulder Breakout is seen in stock retest is Pending
On retest we can plan for entry
CIPLA Analysis - Monthly ViewCurrent Formation - Elliot Impulse Wave
1) Wave2 took a support @ 0.5 level of wave 1
2) wave 3 took resistance @ 2.618 level of wave 1
3) wave 4 does not overlap on wave 1 .But it took support @0.618 level of wave3 (Fib
level alone not met Elliot wave condition)
4) wave 5 extended wave
Current Trend: :
Current at Top of parallel channel and Max OI @1300 level of both Jan and Feb series
Buy cipla for target 1365/1500Buy cipla for target of 1365 in 3-4 sessions and target of 1500 in a month
Cipla Head and Shoulders Pattern Breakout AnalysisCipla is currently exhibiting signs of a potential head and shoulders pattern breakout (b/o). This technical analysis pattern often signals a reversal in the prevailing trend. The pattern is characterized by three peaks, with the central peak (head) higher than the surrounding peaks (shoulders). A breakout is anticipated when the stock price falls below the neckline.
Key Points:
Pattern Identification: The head and shoulders pattern consists of three distinctive peaks, indicating a potential shift in trend direction.
Reversal Signal: A breakout below the neckline suggests a possible reversal from the current trend, possibly indicating a downward movement.
Technical Analysis: Traders and investors may use this pattern as part of their technical analysis to make informed decisions on buying or selling Cipla stock.
Caution Advised: While technical patterns can provide valuable insights, it's essential to consider other factors such as trading volume, market conditions, and overall economic trends for a comprehensive analysis.
Disclaimer: This note is based on technical analysis observations and should not be considered financial advice. Investors are encouraged to conduct thorough research, consult with financial professionals, and consider multiple factors before making any trading decisions.
Always remember to conduct thorough research and consider various factors before making any financial decisions. Technical analysis should be complemented with a broader understanding of market conditions and other relevant information.
CIPLA - Cup n Handle breakout - 9% upside potentialCIPLA has formed cup and handle pattern and giving breakout from 1275 resistance levels.
SL: Hrly candle close below 1265.
Target: 1390+
Inverted Head & Shoulder pattern Inverted Head & Shoulder pattern
✅Don't Miss the Setup
CIPLA
+ Big base followed by a Good up move
+ Low Volume during the base Formation
+ Trading above Key EMAs
+ More explanation on the Chart itself
CiplaAgain my favourite pattern. Slanted inverted H&S. This pattern is my invention. Trade is missed though. Just sharing for knowledge. It's on ATH now. Can be taken into consideration if trendline re-test.
Education purpose only.1hour time frame for options trading.. 1 hour time frame breakout of channel it's down trends now.... For F&O
NOTE:- EDUCATION PURPOSE ONLY
Not an advice to buy or sell.
Trade well , and do your analysis before entry.
Thank you❤...
Cipla can show some more down move in upcoming days after fallAs CIPLA faces a big rejection from the top its now in the consolidating zone,
upcoming move could be downside only
levels are marked in the chart.
purple line - Daily chart lines
grey line - 15 min time frame NSE:CIPLA
Positional_ CiplaCipla looks good for a positional trade.
Buy above Rs 961.80, SL 942.
Target will be set afterwards, we may also trail our SL/Target considering the market behavior.
The entry price may also be modified depending on various circumstances.
Disclaimer: The views expressed in this article is of my own. You're solely responsible for any decision taken in the markets, resulting in financial gains or losses. The analysis I've shared is for informational and educational purposes only.
Positional_ CiplaCipla coming to RETEST its breakout zone. Good positional buy opportunity.
Entry price, SL and target will be decided afterwards.
Disclaimer: The views expressed in this article is of my own, you're solely responsible for any decision taken in the markets. The analysis I've shared is just for informational and educational purposes only.
buy sidekeeping trades simple - based on trendline + resistance breakout
and with strong market support
buy entry in cipla for target range 1214-1218-122
stop as per comfort
disclaimer - trade @ ON RISK
intra tradeintraday eyeing for target 1178
purely based on resistance cross - and fibo level
disclaimer - trade at own risk
Worth taking risk on higher side as it is as critical place. Worth taking risk on higher side as it is as critical place.
SL must
Darvas Box formed in a Pharma Stock (Swing setup for 5 to 6%)Cipla, the price is trading below the long-term group of ema's also we have a bearish cross of ema bands. The degree and nature of separation of both bands indicates price consolidation on these levels. So, we use Darvas Box to trade the instrument.
Short Trade Setup
The breakdown of 1145 will open the lower levels of 1080 which is about 5%
Also we have a confirmation from ema bands.
Long Trade Setup
The breakout of 1200 will open the levels of 1270 which is about 6%
But we need a confirmation from ema bands to trade the uptrend.
Hit the like button!! Show some energy!!
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. This material is only for educational purposes.
Thanks
Er. Simranjit Singh Virdi
Cipla - Weakness carried onOne of the few stocks which was weak even over the last couple days when our markets went up.
Short below 1150 with SL above 1165. (Short term breakdown)
CIPLA go longGo long if CIPLA if cross 1268.90
then take
Entry : 1268.95
Stop loss : 1210.95
Target: 1382.75
Take position with less QUANTITY because it's at high and risk is high
BREAKOUT, CIPLA LTD, 72% RETURNS!!!BUY - CIPLA LTD
CMP - Rs. 1256
Target - 1: Rs. 1751
Target - 2: Rs. 2163
.
Timeframe - 4 months - 6 months
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Technicals - Ascending Channel Breakout
.
This is just a view by an expert analyst, please invest at your own risk.
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Follow me for more!
CIPLAPrevious uptrend and now consolidating in a rounding bottom formation.. green has good volumes compared to red
