CIPLA ::: BULLISH :::DATE: 29 JUNE 2021
INSTRUMENT: CIPLA
TREND: BUY
TIME FRAME: DAY
CMP: 979.60
BUY ABOVE: 982
STOP LOSS: 954
TGT 01: 1045
TGT 02: -
RISK DISCLOSURE:
We are not S E B I registered analysts. VIEWS EXPRESSED HERE ARE FOR OUR RECORD PURPOSES.
Please consult your personal financial advisor before investing. We are not responsible for your profits/losses whatsoever.
CIPLA trade ideas
CIPLAAfter doing a consolidation near the 1st target of a Bullish Harmonic Dragon, it now appears to have resumed its rally for the 2nd target near 1000. The view would be negated below 940
Dragon Patterns are HARMONIC target probabilities of Double Bottoms and Double Tops. They are among the few rare Harmonic patterns which are continuation patterns rather than the usual reversal signals, Harmonic Patterns are more popularly used for.
CIPLA 15MINCIPLA made a upward channel earlier then made a head and shoulder pattern which I already posted here and short sell target was achieved. Currently CIPLA is ready to make a reversal for the upside but making a downward trend, breaking of downside channel with a volume upside can give a long position for this green lines are for buy and red lines are for short sell.