CIPLA trade ideas
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 LTD DAILYBearish BAT
End of Rising Market- a narrow spread gapped up bar on Ultra High/Very High volume closing in middle or off the high having a strong bull run in the background. AS the market is gapped up and approaching at previous resistance then this is an even stronger sign of weakness..Here previous Resistance is HIGH of ULTRA HIGH VOLUME Candle i.e vertical dotted lines..only if this candle closes with NARROW SPREAD then Trade No Demand or Up-thrust short with market order, after the End of Rising Market & place the stop loss at the previous resistance
ELSE if candle close will be WIDESPREAD then
expecting Reversal from BIGGER BEARISH BAT
CIPLA - Darvas Box Breakout in process - Intraday/Short TermThis analysis is purely based on price action and Chart Patterns.
Another Idea of DARVAS BOX breakout is linked in this idea itself. Beginners can check that out for further understanding.
The analysis is on 15min TF hence target can be achieved in intraday trade or in couple of days
Trade setup is explained in image itself. Traders can take entry either on pull-back after breakout or on breakout directly.
Targets and SL is shown in image by green & red lines respectively.
Don't chase the price.
Always plan your trade & trade your plan
Keep trailing SL accordingly once entered into the trade.
Trade at your own risk and money management. Do your own study before taking any trade
Feel free to comment for any queries & suggestion