Cipla (Cash) stock Intraday outlook on December 04, 2024The Cipla stock is likely to be bearish on Dec 04, 2024. By not taking the gaps on the either side into account, I foresee a bearish trend during intraday. There is an Intraday Resistance level at 1553 and Intraday Support at 1504. Observe this stock tomorrow. Technical confirmation is a must.
Never trade without Stop-Loss.
Ciplaprediction
CIPLA--@Monthly Resistance ??CIPLA at monthly resistance zone...
A break is observed from this zone in daily time frame...
failed to close above the resistance...may lead to fall again...
on bottom side observed a bullish gap left...
After filling the bearish gap...price moved drastically to upside.....
keep watch this stock...if any rejections from resistance will go for short.
CIPLA--@Channel Breakout Level.Observations::
------>> the stock is Trading in the channel, wait for channel to be broken, Upside or downside.
we have a strong supply zone @960 level,
where previously strong sell of is observed, and slowly moving to upside.
if it it breaks upside we have gap left @1020 level that will acts as Resistance.
if it breaks down we have strong demand @800 level, wait for more confirmation.
If it is a drop base drop form...more fall is going to observe to the below levels.
keep use alerts.