CIPLA - LONG823-825 looks like a good monthly support for entering the trade with SL of 800.
Target 1 - 908. T2 - 1000+
CIPLA trade ideas
Cipla BO Analysis 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.
CIPLA - Swing Trade || 24th April, 2023 #stocks 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 stick to your Plan
4. Dont overthink or overanalyse
5. Treat this as your Business and get serious about it
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Cipla Near Crucial Support ZoneCipla 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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Buy CIPLA with a view of 1-2 weeksBuy Cipla for a target of 1000 for 1-2 weeks. RSI is about to cross 50 level showing good strength in Weekly chart.
Can buy a Call Option for June expiry. Keep SL as per your appetite.
cipla weekly chart breakoutprice action breakout on weekly chart in cipla
macd above 0 in weekly chart
rsi crossed above 40
price above 200 ma
great to buy
CIPLA BREAKOUTCipla is looking good breaking a horizontal resistance need a day close above resistance (926 Price) for this trade for the target of 945 and 965 with the stop loss of 918 below a day close which is looking a good support made there.
CIPLA LOOKING GOOD FOR A RUNCipla has formed an ascending triangle pattern with a good breakout...
it is looking good for swing purposes...
buy activated at 951
targets are 965, 998 and 1018.50
sl will be 935
Cipal Buying #Buy #Cipla EQ. closing 945.45 with a stop loss of 926 then #targets are 970-997-1020.
#Buying #reason.
1 --> Price creates a triangle pattern.
2 --> Price Breakout.
3 --> RSI is cross 60 levels.
4 --> ADX shows the upside move and +DMI rise.
5 --> #Volume also shows the breakout.
#cipla #buy #breakout #crossover
Cipla - Stuck in parallel zone , Anticipating break out Posted for educational purpose.
Weekly chart of Cipla. It’s stuck in parallel supply and demand zone range for past 6 weeks.
Last spike is result day reaction. As the latest quarterly results posted on Friday ( 12th May ) looks to be good and may potentially trigger break out from this range.
Current price is 937.5
Stop loss of 930 ( < 1 % )
1st target 955 - 960 ( ~2% ) and if it sustains the potentially reach 996 - 1000 ( 6% ) as next target.
CiplaPrice is trending inside an upward channel. If it breaks down, then we can sell below 900 with the stop loss of 910 for the targets 890, 880 and 866. This is not a recommendation to buy/sell. Do your own analysis.
VIEW ON CIPLAStock after a downfall made a base around 850 levels
Currently in a consolidation phase buy once it crosses 924
Target 955/965
Stop loss 909
I am just representing my views.
For educational purpose only.
CIPLACIPLA broke out of edscending triangle on hourly charts with good volumes.
Could be bought with mentioned stoploss & targets.
cipla924 buy zone. wait for breakout and enter a trade.
trade your plan and follow the rules without any queston.
CIPLATaking support near lower BB range and even pharma index is also taking support near lower range of BB. Some long may be initiated with SL of month low. As stocks move in favor position may be added.
Cipla for Option Buying-> Cipla in weekly chart is taking support 850
-> In 1hr Timeframe it is in channel pattern
-> If it breaks above the trendline we can go for CE
-> If it takes resistance and reverse down we can go for PE
-> Breakout candle or resistance candle can be the stoploss
-> Make sure that you take next month contract (April)
Cipla - Negative BreakdownAn international giant from pharmaceutical sector engaged in the manufacturing and marketing of active pharmaceutical ingredients which have a wide network in India and international markets. Cipla along with other pharma stocks have a bitter experience this year and fell about more than 6 % so far . It is beleived that high raw material cost due to inflation is one of the majour cause for this fall .Cipla is nearer to its 52 week low zone. Broken the support zone at 1000 levels and negative breakdown happened.Now it is tending towards its next support zone of 830 - 780 levels with weak momentum. Reducing debt and increasing profit gives an absolute hope against its sharp fall. Have a strong support at 800 levels and expecting a blocade at this level .
Morning StarA morning star is a visual pattern made up of a tall black candlestick, a smaller black or white candlestick with a short body and long wicks, and a third tall white candlestick.
The middle candle of the morning star captures a moment of market indecision where the bears begin to give way to bulls. The third candle confirms the reversal and can mark a new uptrend.
Script = Cipla
Time Frame = 1 day
Buy at low?? Demo tradeDemo trade
I don't have capital to take fresh position
Price dropped Very sharply and came at support level
Price looks too extended in bearish direction and now it is resting at support level.
Target is 960/1000 for short term
Very tight stoploss
Low risk high reward setup
Can CIPLA go up from here on? How long could it be?It looks like CIPLA is in value area, I could see the sell volume is less compared to buy volume based on VPA. If the price breaks above the range, one can go long? But How long could it be should be decided again by VPA.
cipla near its weekly support after seeing a major correction Cipla is near its weekly support, a long can be initiated keeping a stop loss of 3-4% the targets that can be seen in the short term are of 950 and further targets of 1000, a good risk to reward trade can be initiated but make sure to trade at your own risk.
