CIPLA trade ideas
Cipla LongStochastic showing divergence in daily chart and weekly oversold as well.
Entry 507
SL - 480
TGT - 546
READY FOR THE BULLISH RUN...!All set for the new year bullish rally empty your pockets to fill some new longs...!
RETRACEMENT PERIOD FOR CIPLA TO GAIN BACK ITS BULLISH MOMENTUM.Cipla, the leader in respiratory therapy segment, is giving a major push to expand the market further through its latest mass campaign called BerokZindagi, that encourages people to opt for inhalers.
CIPLA - Fib Buy off earningsNeed to quickly do TA - no time to write down, mostly the same technicals across the board.
Expiry Strategy: Sell 680 SEP call @ CMP 2.4Bea rush engulfing in weekly chart would keep the sentiment in bearish bias for this week. Expect Sep contract to expire below 680.
BUY cipla for long term target 800++ CMP 663620-640 is important level for Cipla long term
Market has broken and trading above big resistance
and looking for GOOD up move to 750-800 ++
Cipla can buy for long term target 760-800 CMP 663 2-3 months tiCipla can buy for long term target 760-800 CMP 663
2-3 months time frame
this can be correction or impulse
minimum target will 760-800
Cipla can buy for long term target 760-800 CMP 663 2-3 months Cipla can buy for long term target 760-800 CMP 663
2-3 months time frame
this can be correction or impulse
minimum target will 760-800
CiplaOn breakout, sometimes a pullback may occur. It is just like pulling the string of a bow to give momentum to an arrow. Cipla may be doing the same thing.
[Long term] CIPLA HODLShould get to 2000 in 2022, but as expected a period of consolidation for a few years in the middle
Cipla, BreakoutPosted this chart earlier. Price consolidated at the long held resistance line to breakout. 50DMA about to cross 100 DMA. Pharma segment is turning around. Good time to invest for long term gain. I shall cover select Pharma scrips as an when they fulfill the logic of technical study.
Cipla, ResistanceTrend is changing in Pharma industry after 3-4 years of slump condition. Note that Cipla is a very volatile stock. At present price has recovered from lows and is facing resistance. So this is a decisive level. Price is comfortable above 200 DMA and one more thing is 50 DMA may soon cross 100 DMA which will boost the sentiment. A correction or consolidation is expected at the present level.
CIPLA Testing ResistanceAfter having a bullish run for years. Cipla may break downwards if it breaks resistance.
cipla shortShort was given by system at @578 1st Target 564 , achived going for 2nd target 549 ,stoploss of 576
CIPLA - Daily Candle Chart- RSI +ve divergence (hidden)
- bounced from 200 EMA
- Targets are fib ratios 1, 1.618 on chart with SL as last low of 555.
- WAIT FOR BULLISH CANDLE TO GO LONG
Note - This is only for study purpose and i will not be liable for any PnL made based on above chart.
Please DYOR.
