SYMMETRICAL TRIANGLE BREAKOUT Price seems to be consolidating in a range. RSI showing positive divergence.
Happy Trading...!
CIPLA trade ideas
Cipla breakout heads up Cipla has already given a breakout but it will be better to wait for a retest and then enter the market long.
Cipla double bottom pattern at FIB level 38%- Bullish signEverything explained in the chart. Cheers :D
Cipla for solid returns The weekend is a good time to scroll through the charts to find some gems for the coming week and for the coming month.
Cipla is one such stock that came on my radar this week, stock had seen a good move from 738 levels to 966 levels, comprising about 35% return in just 4 -5 weeks.
After seeing a remarkable rally, stock decided to correct, and I as a buyer could take advantage of this correction to grab this stock at attractive levels for participating in the new up leg, that may take stock to 1000 and 1100 levels, and that rally is most likely to come, considering the previous strong price action.
The near-term support is at 855-845 levels, that I am expecting the prices would hold and also bounce from it.
The daily chart also provides good support around 870 and chances are there that stock might reverse from here, hence buying can be done at two trenches.
Trade type: Positional
: Pullback Trade
: Support Buying
If you are trading this, you are trading at your own risk, please do your own research as well.
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#ciplaPharma sector is bullish
So is Cipla
Good entry point with a Good 1:7 RR
Disc : Educational view
long opportunitycipla had a range it broke down of range
now it hasnt created any new lower lows
so if price breaks back in the range it will fill the range
or even break the range high and continue up!
CIPLA - RECTANGULAR PATTERN FORMED.1. Stock forms the Rectangular Pattern (4 days consolidation)
2. take the trade in the direction of the break.
Re-test | Short Trade | Target: 880Timeframe: 1D
Short on re-test near 915
Target: 880
Pattern identified: Triangle Breakdown
Note: Views are personnel & for educational purpose only
CIPLA 45MIN BOTH SIDECan give a pullback towards upside but at now it is forming a head and shoulders pattern and a double bottom can go for short also. Short below red lines and buy above green lines.
Cipla Trade on 19/04/2021CNXPHARMA stocks are in uptrend. Also the ascending triangle pattern shows the bullishness in the stock. If it is broken with very good volume it is good to trade it on the long side. Also provided that if RSI is rising above 70, which shows the good strength, it will a good one to trade. Consider this an analysis and not as a call. This is only for EDUCATIONAL PURPOSE.
Cipla Has given a Daily Channel BreakoutCan BUY CIPLA for a TGT of 1000 it has given a Breakout on Daily Charts
Long CIPLA, breaking out of rectangleCipla looks to be in a rectangle. If breaks it'll be 900+ in no time.
