CIPLA has been on upwards bullish trend channel, recently it hit the key support trend line and bounced off sharply. I except CIPLA to test the channel upper trend line , with short target of 1070-1080 in next 5-6 weeks. If it breaks above the upper trend line for 2-3 consecutive days, expect a major breakout. But so far it has been in the channel for last 18 months.
Cipla should give trendline breakout above 925-926.Target looking 935-940-950++ very short term.My SL is below 909.Also keeping on radar Cipla 940 CE.
Sundaram Finance Holdings Ltd. NSE:SUNDARMHLD NSE: SUNDARMHLD CMP: 83.65 Target 1: 96+ Target 2: 110+ Time frame: <6months Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading...
Cipla 1hr chart formed Descending Triangle gave a Breakout due to good quarterly results. Expecting a target of 950. 27 Oct 2021
The stock has broken out with good volumes and retested, so it may undergo a rally. Trade is supported by brokerage calls and Supports Nearby. Risk Reward Ratio - 3:1 SL is placed below support zone & the previously upper & lower trendline. The target is placed based on fundamentals.
A GOOD UPTREND IN ONE DAY CHART!! AND A GOOD CONSOLIDATION IS BEING FORMED FROM AUGUST!! Wait for breakout of consolidation! If it breaks the resistance level that is 988 then wait for any short retest and can have a small target!! TARGET=1086/1100 STOP LOSS=921/930 And if it breaks the uptrend support line then do not buy as the stock can retest and go for...
CIPLA 30min chart forming a possible Inverted Triangle Wave 24 Sept 2021
Cipla giving trendline breakout.Cipla above 960-961 TGT 975-985-995++ Very short term
The stock has broken down from the previous pattern but found support around 875. Trade is supported by brokerage calls and Supports Nearby including 200 EMA. Risk Reward Ratio - 2:1 SL is placed below the support zone, Lower Trendline and 200 EMA. The target is placed near swing high.
Ready For Breakout We can see the level of 940 easy Note *This is only for information and educational purpose. Please consult your financial advisor before investing. Investing has its risk and require professional advise, please do consult advisor before investing.
929.90 is the level. Trade for at least 50 points upside. You can see 2 reasons counter-trendline breakout and cup and handle pattern. This is a positional trade.
The stock has reached lower trend line and took support and is ready for a reversal rally. Trade is supported by brokerage calls and swing low, major supports & 200 EMA before SL levels. Target is placed with a risk reward ratio of 1:1.
The current Price action structure suggesting that the stock is might be moving towards its recent highs near 980- 1000 levels. The said Probability will be valid as long as the stock is trading above 958 levels.
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.
Price action has already on upward move. target on the chart.
#CIPLA/INR TA update:- ₹CIPLA looking bullish as per chart. Broke-out Resistance level and now testing support level. I can expect 8-10% from here. Entry:- ₹660-₹670 Target:- ₹1054 SL:- ₹655
After 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...