CIPLA trade ideas
Cipla - Elliott wave analysis - ABC as (X) wave in progress It has completed impulse at last orthodox top and dropped in ABC zigzag down. So the next move would a choppy bounce of (X) wave in complex correction cycle. Wait for A wave bounce to confirm the start of (X) wave for reference. When (X) wave will finish, it start dropping down again in (Y) wave.
Cipla ltdAll key levels are mentioned in chart
which really works as supports as well as resistances
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
CiplaOn 1 hr time frame
1. Broken 200 EMA on 18th Feb.
2. Price is getting rejected at 200 EMA (marked by blue circles).
3. Currently Cipla is range bound (marked). Any break on lower side will confirm the previous break of 200 EMA and will continue to fall.
This is just for an educational purpose.
NSE CIPLAI ANALYSIS IN THIS CHART SAVE MY PURPOSE IDEA FOR
NOT PRIVATELY!
USE AND FOR ALL TRDINGVIEW USERS AND BEGINNERS!!!!
I MENTION THIS NEUTRAL(INGOGE IT NEUTRAL), cipla was long
Bearish Harmonic PatternCipla on sell harmonic pattern, expected target are marked on chart.
Let's see.
CIPLA IS REDAY FOR NEXT BULL RUN TO 870-885DONT MISS AFTER 831 WITH EOD OF THE CLOSE SL-810 FOR NEXT BULL RUN
CIPLA 25th Jan set upLong and short opportunities shown with target levels ( dashed line) and important resistance/support levels
CIPLA LTD DAILYBEARISH CRAB
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL SELL
