CIPLA trade ideas
Cipla { Short Trigger }As per charts
Note :-
Entry - At the break of mentioned candle's low/high
Stop Loss -
In a Short Trade, I always use Previous Candle High ( PCH ) as a stop loss while entering the trade. Sometime I might use 15 M tf SL & trade in 30M tf which I'll mention. Vice Versa for long trades
Trailing Stop Loss ( TSL ) - Mostly I trail stop loss by PCH as price falls . I exit as PCH breaks & vice versa
Use of PSAR as TSL :- TSL get's hit in trend following due to noise, In such cases I use PSAR to be in trend & exit if PSAR direction change
You can use any one of above mentioned or your own way to manage risk
Time Frame :- I take ~ 90% of my intraday trades in 15m tf. Where my analysis might come from higher frames like W , D or 1hr chart pattern which will be mentioned.
Target :- I do set target line based on support / resistance slightly above/ below it . Please pay attention
Cipla getting ready for 880 targetCipla consolidating from a long time after breakout and now ready for other upmove. close above 839 is a good buy
Cipla sweet target of Rs. 827 Cipla with good volumes can touch Rs. 827 in December.
What are we talking about:-
Cipla will touch Elliott Wave 3 starting point of Nov 10, 2020 - to Rs. 810+ with Gann fan support can even touch Rs. 827 in December.
Price movements will be slow - but we have a cyclic harmonic pattern suggesting us that Dec 7/Dec8 will be an important date for this stock
After this there will be a correction that falls with Nifty correction as well
CIPLA Forming a cup with handle patternWith vaccine race in the market still going on , CIPLA is forming a cup with handle pattern and is ready for breakout in 3-4 sessions.
CIPLA Breakout Setupprice made decent breakout of the range ( 820 - 830 ) big resistance and candle also made good close above the range
Range breakout 820 - 830
Buy : 815 - 830
Stop : 724
Target : 880 , 950 , 1000
CIPLA Is this the BO ?CIPLA consolidated for 4-5 months in a 120-140 range. Now making a attempt to BO. My analysis is that it could retest the VAH of the consolidation before going up further. Retest has to happen in few weeks while forming comparatively smaller candles.
Cipla is ready to breakout.. Cipla is ready to breakout... other pharma stocks are going to blast soon.... cipla target is 1000plus soon...
Cipla - Short term pull back expected Cipla is showing negative divergences on a 15 minutes time frame.
Ideally, when price makes a new high and RSI fails to make a new high, it gives a good signal for a short term pullback.
However, pharma is in a strong bull rally, so entry and exit should be real quick.
Target 1 - 810
target 2 - 795
buy cipla above 829.05 tgt 949 sl 790as you can see in chart cipla is trading in box . and total value of box comes around 120 points . delivery buy cipla above 829.05 tgt 949 sl 790 ( keep alert of price )
Cipla ready for breakout - Rs. 800++Looking for good trade? - Cipla is ready for breakout target Rs. 825++
Cipla- Good long setup. 15m analysis.Cipla is looking very bullish around these levels. Breakout with good volume. The target of 2 pivot points can be taken.
The risk to reward ratio of 1: 1.75.
CIPLAI'm not an expert I'm just sharing my views on CIPLA for next trading day
I'm not responsible for any profit or loss this is not a recommendation
Go short if open flat or almost flat and cross level Go short if open flat or almost flat and cross level
Symmetrical Breakout In Cipla - Expecting a move till 860--900.Cipla has given breakout above Symmetrical Triangle.
Expecting a move till 860--900.
Bull Call Spread on Cipla
+1x 31DEC2020 800CE - ₹ 18--20
-1x 31DEC2020 860CE - ₹ 5.00-6.00
Max. Profit - ₹ +60,320
Max. Loss ₹ -17,680
Max. RR Ratio 1:3.41
Breakevens - 814.0
Estimated Margin/Premium - ₹ +35,804
Cipla - Flag breakoutOne of the best rated and widely owned by DII's pharma companies.
Cipla had a flag breakout with high volumes.
Long at CMP with SL below 775.
Target new 52 week high.
