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
See all ideas
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Frequently Asked Questions
The current price of CIPLA FUTURES is 1,484.65 INR — it has fallen −2.23% in the past 24 hours. Watch CIPLA FUTURES price in more detail on the chart.
The volume of CIPLA FUTURES is 4.77 M. Track more important stats on the CIPLA FUTURES chart.
The nearest expiration date for CIPLA FUTURES is Jan 30, 2025.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell CIPLA FUTURES before Jan 30, 2025.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For CIPLA FUTURES this number is 5.30 M. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for CIPLA FUTURES shows that traders are closing their positions, which means a weakening trend.
Buying or selling futures contracts depends on many factors: season, underlying commodity, your own trading strategy. So mostly it's up to you, but if you look for some certain calculations to take into account, you can study technical analysis for CIPLA FUTURES. Today its technical rating is sell, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of CIPLA FUTURES technicals for a more comprehensive analysis.