CIPLAX2025 trade ideas
CIPLA ready for bears.Short CIPLA FUT below 988 for 960/900 and 880. After breakout above 970 on weekly charts, Bulls are not able to extend their gains. Fantastic bearish set up is there. Long inwinding and fresh shorts will be there below 990. Perfect bullish trap can be there. When short activated keep sl near 1010 levels.
Long in CIPLACIPLA which was travelling within a parallel channel had just broken out and closed higher for the day. Going long from here, one can hold for the target of 940 ranges. If anyone missed this break out, not to bother - can wait for a retest & reversal around 850 to 845 ranges and enter there. SL for this breakout shall be below 834
Cipla sell on rise or without riseCipla is in the completion of the 5th wave ( e wave ) of the greater degree wave C .
wave e always has five waves within .
Stoploss is marked in the chart,
play this by Options or by futures ...
My strong conviction for this trade
Posting here to have a demonstration of how we take trades based on Elliott wave principles.
For paid works your discussions and enquiries are welcomed .
JAI HIND