CIPLA trade ideas
Ready For BreakoutReady For Breakout We can see the level of 940 easy
Note *This is only for information and educational purpose. Please consult your financial advisor before investing.
Investing has its risk and require professional advise, please do consult advisor before investing.
VIEW929.90 is the level. Trade for at least 50 points upside. You can see 2 reasons counter-trendline breakout and cup and handle pattern. This is a positional trade.
CIPLA:: Breakdown: Technical Analysis using Rising WedgeIn the Daily timeframe, Cipla formed a rising wedge which means buyers are aggressive to move the market UP but they get exhausted and at one point Sellers became dominant, and finally support broke.
CIPLA DAILYBullish Bat at strong support level
Within 3-5 price bars need the confirmation from a Bullish CANDLE with RSI ABOVE 30
in shorter 1HR time frame can look for intraday trade with confirmation
POTENTIAL BUY
CIPLA Short Term ReversalThe stock has reached lower trend line and took support and is ready for a reversal rally. Trade is supported by brokerage calls and swing low, major supports & 200 EMA before SL levels. Target is placed with a risk reward ratio of 1:1.
Cipla - swing tradeThe current Price action structure suggesting that the stock is might be moving towards its recent highs near 980- 1000 levels.
The said Probability will be valid as long as the stock is trading above 958 levels.
Cipla One can go long with Stop-loss of 955
All the key levels are mentioned in chart with Stop-loss and Targets
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
CIPLA ::: BULLISH :::DATE: 29 JUNE 2021
INSTRUMENT: CIPLA
TREND: BUY
TIME FRAME: DAY
CMP: 979.60
BUY ABOVE: 982
STOP LOSS: 954
TGT 01: 1045
TGT 02: -
RISK DISCLOSURE:
We are not S E B I registered analysts. VIEWS EXPRESSED HERE ARE FOR OUR RECORD PURPOSES.
Please consult your personal financial advisor before investing. We are not responsible for your profits/losses whatsoever.
CIPLA/INR Brokeout Cup & Handle and Target will be 10% from here#CIPLA/INR TA update:-
₹CIPLA looking bullish as per chart.
Broke-out Resistance level and now testing support level.
I can expect 8-10% from here.
Entry:- ₹660-₹670
Target:- ₹1054
SL:- ₹655
cipla 15 min cipla is in bullish trend, in 15 min time frame a beautiful cup and handle pattern if it above if can move upto 990 to 1000
CIPLAAfter doing a consolidation near the 1st target of a Bullish Harmonic Dragon, it now appears to have resumed its rally for the 2nd target near 1000. The view would be negated below 940
Dragon Patterns are HARMONIC target probabilities of Double Bottoms and Double Tops. They are among the few rare Harmonic patterns which are continuation patterns rather than the usual reversal signals, Harmonic Patterns are more popularly used for.
Cipla Buy short termbreak out with good volume in first 15 minutes that means that may big fish have bought this & there is having chance to go up...
