CIPLA trade ideas
Super Bullish - Closed just below ATH !!Price after breaking the triangle pattern reached the target and on the last trading session it just closed below the All time high levels, as the price is looking super bullish there is a big opportunity for a short time hike as seen in other pharma stocks.
If trades above ATH then go for scalping trade or go with tight stoploss. . .
Price is looking super bullish and because of this the Double top option is fading away !!!
CIPLACIPLA:- price build up for breakout buy on dip 700/720 for 780₹ with sl 670₹ clbs
#Disclaimer:-I just shared view for only educational purpose.
CIPLA: AnalysisYesterday cipla broke out from its range today it retested and started moving as expected.
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Reason to Buy :
1) Broke out from triangle pattern with good volume.
2) Good price action in one hour time frame(Triangle breakout as well).
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Stop-loss must be kept at previous immediate swing. RR ratio must be calculated before taking the trade.
Swing Trading Analysis: CIPLAAfter an All-time high breakout stock retraced to the near demand-supply zone. Now we can see a pullback from here.
CIPLA Buy above 7731.#CIPLA Daily chart trading above its Lifetime high and now price pullback its support Area.If the price cross and sustain above 773.00 we can see up move towards 890.00/990.00 level as per chart pattern with the help of 700.00 support level .
2. Company has reduced debt.
3.Company has been maintaining a healthy dividend payout of 17.93%.
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