CIPLA trade ideas
CIPLA - Strong trend-line resistance CIPLA is on strong uptrend from past couple of days, however currently at strong trend-line resistance.
Incase if gap-up opening above resistance ans sustains, go for clear long.
Incase if pharma sector is -ve in next trading session, we can consider for shorting opportunity.
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Painting #CIPLA stockThis is for fun, please let me know what you guys see in this chart :)
I see there is big tall tower coming next as usual or the road is closed.
Cipla Ltd (CIPLA - India) - Updated EW count Cipla Ltd (CIPLA - India) is in 5th wave of 1st wave of C up as shown in chart. After completing wave 1, wave 2 correction will be deeper.
Cipla Ltd (CIPLA - India) - ABC zigzag patternCipla Ltd (CIPLA - India) is in ABC from major bottom as shown chart. After strong A wave, price just giving B wave flat within upper 24% area. Now wave C is started with relative high volume & also break the resistant trend line, which go for next new high with high possibility, until invalidation area should not be breached.
Cipla Analysis for the Month of April to May 2020.Sell activated 27th April20 , it will retrace now to the lvl which is mention above.
if you get at that Range which i mention above plz get into the sell side.
Cipla Shiftting closer to Target : 500=>time to sell.
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INTRADAY buy @ 585 SL 580 tgt 597/615/623 sell below 567 tgt558INTRADAY buy @ 585 SL 580 tgt 597/615/623 sell below 567 tgt562/558 sl 569
CIPLA DOWNWARD BREAKOUT LIKELYCIPLA if breaks below 588 can be a good sell, if the breakout is with above average volumes. Simple Chart formation, simple visual analysis
CIPLA - Probable Downfall in coming session(s) - POSITIONALCipla seems to have a bearish sentiment. Broken the Channel and the Monthly zones with good volume. Expecting it to fall further (a retracement to the red line is quite possible). Will be entering short basis candlestick pattern and if it shows rejection below the red line for a TGT of about 521-525.
Entry would be mostly around 585 (near to the red line, if retracement is seen), SL above 603.5, TGT: 521-525.
Disclaimer: These are just my views, I am only SHARING my views - kindly do NOT trade blindly with these levels, please do your own research before entering/ or as per advice from your own financial adviser.
Note: All the values given are in CIPLA spot price chart. And also please note this is Positional analysis and is NOT for intraday
This can be followed by a long entry later on after completion of a Harmonic Pattern, will be updated later if a good entry is seen
Cipla expecting further downsideCipla appears weak and there might be furhter downside after a pull back
#CIPLA @Cipla_Global #CNXPHARMAShortTerm Target Rs. 462
LongTerm Target Rs. 485
StopLoss Rs. 437.5
CMP Rs. 447.10
SUPPORT & RESISTANCE
