As Per Technical Analysis and Volume Analysis Mention Stock looks Bearish If its break 1159-57 Level then Possibly it will test 1120-1100 Level if you are ready to take Risk then Go with Option Trading.
Buy CIPLA AUG 1130 PE Near 17-18, Sl 13, Target 30,35
Time Frame 5-7 Days
Investment - 11700
Maximum Loss - 3250
Profit upto = 11000
Only for Educational Purpose.
price is in a rising channel and has taken support @ 200 ema. Also both 9 and 20 ema have crossed above 200 ema. though 50 ema is still below 200, it is also raising. the stock is coming out of a fall and is in a major resistance zone 1020-1044.
Though RSI is above MA, its not yet in overbought zone, indicating still demand is pending. also the stock is above...
Stock Name - Cipla Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 1058
#This is not Buy and Sell recommendation to any one. This is for education...
Trading in a box range from one weak good time to enter.
Risk reward is favorable.
Entry near about 1025, Stop Loss 980
First Target: 1140
Second Target: 1190
Spotted Bearish Harmonic
Study-Practice-sharing
Educational purpose only.
This is not a recommendation -
I am not SEBI registered - Do not TRADE/INVEST basis what I publish here.
I am not responsible for your loss or gain.
Inspired by - Trading Mirror telugu
Stock Name - CIPLA Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 1025
#This is not Buy and Sell recommendation to any one. This is for education...
CIPLA LTD LATEST OBSERVATION
CMP @880 --> ON SUPPORT ZONE
EXPECTING RETRACEMENT TOWARDS 960-1000
THEN AGAIN FALL TOWARDS 700 LEVELS
{Views are only for Education purpose only.}
Stock is trading maintaining supportive trendline, If the stock sustained above BO level, then near target may be achieved in coming days, follow chart for proper support and resistance levels.
Analysis Criteria Used:
1. Please find the Chart Analysis done for the Swing Trade Ideas 24th April, 2023
2. The analysis for the Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups
Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your Trade and...
Cipla is near crucial support zone on daily chart .
Entry:
We can go long on close of strong bullish candle near support zone .
Target:
We can keep the target 1 & target 2 near the next résistance zones as marked on chart.
Stoploss:
We can keep stoploss below the support zone .
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