Cipla
CIPLAStocks seems to be in good uptrend , price should take support at trendline if trend line breaks we can easily see 617 and 599now 599 is major support would be difficult to break , overall nifty pharma is in good bullish trend , if the stocks take support at trend line we can see previous high of 669
Views and suggestions invited
Thanks
CIPLA - Strong trend-line resistance CIPLA is on strong uptrend from past couple of days, however currently at strong trend-line resistance.
Incase if gap-up opening above resistance ans sustains, go for clear long.
Incase if pharma sector is -ve in next trading session, we can consider for shorting opportunity.
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CIPLA - Probable Downfall in coming session(s) - POSITIONALCipla seems to have a bearish sentiment. Broken the Channel and the Monthly zones with good volume. Expecting it to fall further (a retracement to the red line is quite possible). Will be entering short basis candlestick pattern and if it shows rejection below the red line for a TGT of about 521-525.
Entry would be mostly around 585 (near to the red line, if retracement is seen), SL above 603.5, TGT: 521-525.
Disclaimer: These are just my views, I am only SHARING my views - kindly do NOT trade blindly with these levels, please do your own research before entering/ or as per advice from your own financial adviser.
Note: All the values given are in CIPLA spot price chart. And also please note this is Positional analysis and is NOT for intraday
This can be followed by a long entry later on after completion of a Harmonic Pattern, will be updated later if a good entry is seen
CIPLABefore the technical analysis, Please do like comment and follow.
In the Hourly time frame, there is a half-circle pattern formed. Take entry after the breakout is done, Easy target will reach when the breakout is done, but target will reach after the retest. Do wait for the target. A breakaway gap is there, as well as target, is also in the gap so it will fill the gap and it reaches the target
!!!-_-!!! CIPLA TREND - COMING SOON (TREND MIGHT LAST LONGER)These are my personal views as i FEEL there might be a minor reversals may be due to anticipated profit bookings.... Mainly cos retail traders dont really let their profits run completely...
But i see biiig smart money interest in this stock and sector...
My views for this stock is for more than 3- 6 months... good returns can be expected...