CIPLA trade ideas
Cipla Short-term bullishOn Hrly chart it has started to move up slowly, as per Demand & Supply Zones in conjuction with trendlines & Fiboncci levels we can assume resent target for swing dotted dashed line.
Cipla - Double TopCIpla has double top and it need to break neckline for confirming pattern, Presently getting daily trendline as well as RSI trendline support. If it broke trendline and neckline then will get a good opportunity for short. For now it seems it wll reverse from here as trendline is supporting it.
*Retracement of 78.6 at trendline support shows a reversal .
Cipla broken 4hr ascending triangle pattern Cipla broken 4hr ascending triangle pattern can long here
Cipla good short candidateCipla spot cmp 745
760 to 790 good range to go short
view gets negated above 820 levels on closing basis..
More details on charts of patterns and trend.
CIPLA :03 SEP 20 :JUST LOOK AT FIGURE AND JUDGE WHAT MIGHT BE THE PATTERN APPEAR?
SEE ALL MY PUBLICATIONS, IT TAKES AT LEAST 30 TO ANALISE FROM DIFFERENT ANGLES, IF THE ANALYSIS SEEMS TO GIVE BOTH KNOWLEDGE AND PROFIT, THEN ONLY LIKE SUBSCRIBE AND SHARE TO YOUR FRIENDS.
ITS GOING TO FORM CUP AND HANDLE PATTERN.
11) BUY AT -742 , S L - 703 , T P - 806 ( MY STRATEGY SIGNAL )Long term survival is a more important thing to consider in trading than short term profitability.
Cipla Ltd - WEEKLY CHART VIEW!!#CIPLA
Cipla Ltd. made a retest to the long term breakout area and presently taking support right at support zone.
Likely to stay positive until the stock holds 740-750 zone on daily closing basis.
Volume setup and technical parameters looks positive as of now.
Break below 740, we may see 690-700 zone in the near term.
CIPLA intraday set upImportant levels in dark lines and intermittent levels in ---....Use PA to take long or short entries
5) @BUT NOW S L - 739 , STRATEGY SIGNAL DAILY FINANCIAL WISDOM: True discretionary trading is not based on emotions nor spur of the moment decisions. It's based on experience and insight.
CIpla buying range marked ( For my reference)Cipla has strong support at 20EMA (Green bar) - 740 range. Buy at 740
CIPLA : 21 AUG 2O : 756.5 IS A STRONG SUPPORT IF THIS BREAKOUT WCIPLA : 21 AUG 2O :
756.5 IS A STRONG SUPPORT IF THIS BREAKOUT WITH VOLUME THEN EXPECT A BEARISH TREND
