C I P L ACIPLA fut is on the verge of breaking out of classic triangle pattern on an hourly chart with superb OI addition suggesting long build up.
Risk:-Reward = 1:3
could be bought with mentioned stoploss & target
Breakout in Cipla?Potential breakout in Cipla?
Let's understand.
Candle made yesterday followed by the candle made today indicates a lot of strength. Both the candles are big green candles backed up with big green volume bars. This gives me a hint that the resistance zone between 1520 and 1525 might be broken now a
I've gone long in Cipla#Educational purpose only
I think the first hourly candle made yesterday is strong and the low won't be broken. I have explained my analyses in the video and I hope this helps.
Looks like Cipla might be the buy for tomorrow.#Educational purpose only
I've analyzed the chart of Cipla because of the strong bullish candle made today in the daily chart.
I think it will be a good buy above 1450 for targets of 1550 or more.
CIPLA..READY FOR BIG MOVECIPLA NEAR TO WEEKLY HIGH..HIGH VOLUME AND ATR INDICATING FOR BIG MOVE...1st Target 1698
2nd target 2048..duration 6 months
Long in ciplaIndian stock cipla future is taking reversal from bottom in weekly chart.it was also a good demand zone.
We will see 1100/1250 levels very soon .
Future of medical sector in India is very good.
So we can make a long position in Indian medical stock cipla.
CIPLA broke the trendline RSI 50 level is failed in hourly time CIPLA broke the trendline
RSI 50 level is failed in hourly time frame
it may test lower fib level before its higher tf retracement complete
cipla futuresCipla Futures made flag pattern on daily charts & trading above breakout level with good OI addition of over 2.5% as well as trading above 9-21 MA & above middle bollinger band.
Could be bought positionally with stoploss of 1025 & minimum targets of 1075/1095
#CIPLA POSSIBLE TO SELL#CIPLA trading 1048 formed bulish patern,
yesterday trading our retracement level,
we can SELL BELOW 1041 and tgt for 1021,
posistional tgt 996 and
follow SL 1365 closing basis
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