Cipla
Cipla sweet target of Rs. 827 Cipla with good volumes can touch Rs. 827 in December.
What are we talking about:-
Cipla will touch Elliott Wave 3 starting point of Nov 10, 2020 - to Rs. 810+ with Gann fan support can even touch Rs. 827 in December.
Price movements will be slow - but we have a cyclic harmonic pattern suggesting us that Dec 7/Dec8 will be an important date for this stock
After this there will be a correction that falls with Nifty correction as well
Cipla - Short term pull back expected Cipla is showing negative divergences on a 15 minutes time frame.
Ideally, when price makes a new high and RSI fails to make a new high, it gives a good signal for a short term pullback.
However, pharma is in a strong bull rally, so entry and exit should be real quick.
Target 1 - 810
target 2 - 795
R-0234 CIPLA breaking out from ascending triangle on daily chartCMP 820 (JAN EXPIRY) TGT 870/910 SL 772
#It is near all time high 829.
# short term moving average is above medium to long term average.
#Pharma sector is outperforming in last few months.
#DMI indicator turns bullish on the daily chart.
#RSI and MACD also indicates strength on daily and weekly chart.
CIPLA - Darvas Box Breakout in process - Intraday/Short TermThis analysis is purely based on price action and Chart Patterns.
Another Idea of DARVAS BOX breakout is linked in this idea itself. Beginners can check that out for further understanding.
The analysis is on 15min TF hence target can be achieved in intraday trade or in couple of days
Trade setup is explained in image itself. Traders can take entry either on pull-back after breakout or on breakout directly.
Targets and SL is shown in image by green & red lines respectively.
Don't chase the price.
Always plan your trade & trade your plan
Keep trailing SL accordingly once entered into the trade.
Trade at your own risk and money management. Do your own study before taking any trade
Feel free to comment for any queries & suggestion