CIPLA trade ideas
long opportunitycipla had a range it broke down of range
now it hasnt created any new lower lows
so if price breaks back in the range it will fill the range
or even break the range high and continue up!
CIPLA - RECTANGULAR PATTERN FORMED.1. Stock forms the Rectangular Pattern (4 days consolidation)
2. take the trade in the direction of the break.
Re-test | Short Trade | Target: 880Timeframe: 1D
Short on re-test near 915
Target: 880
Pattern identified: Triangle Breakdown
Note: Views are personnel & for educational purpose only
CIPLA 45MIN BOTH SIDECan give a pullback towards upside but at now it is forming a head and shoulders pattern and a double bottom can go for short also. Short below red lines and buy above green lines.
Cipla Trade on 19/04/2021CNXPHARMA stocks are in uptrend. Also the ascending triangle pattern shows the bullishness in the stock. If it is broken with very good volume it is good to trade it on the long side. Also provided that if RSI is rising above 70, which shows the good strength, it will a good one to trade. Consider this an analysis and not as a call. This is only for EDUCATIONAL PURPOSE.
Cipla Has given a Daily Channel BreakoutCan BUY CIPLA for a TGT of 1000 it has given a Breakout on Daily Charts
Long CIPLA, breaking out of rectangleCipla looks to be in a rectangle. If breaks it'll be 900+ in no time.
Box breakout Stock Analysis: Cipla has broken the box looks good buy around 770 for conservative entry for the target given on the chart on coming days.
Let's see.
Happy Investing!
CIPLA LTD 4HRCONFLUENCE OF Daily & 4HR Bearish shark STRONG zone
VERTICAL DOTTED LINE is Ultra high volume up bars - trap of Smart Money , Higher volume- Professionals are selling into the public buying
SET UP BECOMES VALID ONLY when RSI is below 70 and IF Price breaks ULTRA HIGH VOLUME Candle LOW &
Within 3-5 price bars need the confirmation from a BEARISH CANDLE with LOW VOLUMES & with NO DEMAND l.e place for short
POTENTIAL SELL
CIPLA LTD DAILYBearish SHARK
VERTICAL DOTTED LINE is Ultra high volume up bars - trap of Smart Money , Higher volume- Professionals are selling into the public buying
SET UP BECOMES VALID ONLY when RSI is below 70 and IF Price breaks ULTRA HIGH VOLUME Candle LOW &
Within 3-5 price bars need the confirmation from a BEARISH CANDLE with LOW VOLUMES & with NO DEMAND l.e place for short
POTENTIAL SELL
20-50MA crossover stratergyif market goes bullish and close above high of last wave,than go for a buy. (20-50MA crossover).
Cipla trend analysisCipla is moving in the down channel so we can long above 800 with TGT 860-900/stop-loss be 778 & short below 780 TGT will be 720-650/stop-loss will be 805
