CIPLA is on strong uptrend from past couple of days, however currently at strong trend-line resistance. Incase if gap-up opening above resistance ans sustains, go for clear long. Incase if pharma sector is -ve in next trading session, we can consider for shorting opportunity. Add to watch list
This is for fun, please let me know what you guys see in this chart :) I see there is big tall tower coming next as usual or the road is closed.
Just liked to share my thoughts and views......
=>time to sell. I LIKE, then you will get a notification on Cipla . I update on telegram
Cipla seems to have a bearish sentiment. Broken the Channel and the Monthly zones with good volume. Expecting it to fall further (a retracement to the red line is quite possible). Will be entering short basis candlestick pattern and if it shows rejection below the red line for a TGT of about 521-525. Entry would be mostly around 585 (near to the red line, if...
ShortTerm Target Rs. 462 LongTerm Target Rs. 485 StopLoss Rs. 437.5 CMP Rs. 447.10 SUPPORT & RESISTANCE
I have been bearish on pharma since mid of April, (you can see my AURO Pharma analysis posted sometime back). Now here cipla looking for juicy short,as long as 680 not broken decisively. Target 1 -322.
cipla is currently in accumulation zone and also cipla momentum go down as per my analysis if cipla break 670 or below 670rs if cipla close so cipla weak... keep in radar... cipla fill gape in future 429-470 gape
Before the technical analysis, Please do like comment and follow. In the Hourly time frame, there is a half-circle pattern formed. Take entry after the breakout is done, Easy target will reach when the breakout is done, but target will reach after the retest. Do wait for the target. A breakaway gap is there, as well as target, is also in the gap so it will fill...
as far trend is +ve / volume is good corrective move was expected after ,its now ready to again track
These are my personal views as i FEEL there might be a minor reversals may be due to anticipated profit bookings.... Mainly cos retail traders dont really let their profits run completely... But i see biiig smart money interest in this stock and sector... My views for this stock is for more than 3- 6 months... good returns can be expected...
CIPLA - Proper sell formation with limited risk in entry.
Technical analysis on FOREX and INDIAN MARKETS. We are not SEBI REGISTERED ANALYSTS The views expressed here are for our record purposes only. Please consult your personal financial advisor before investing. We are in no way responsible for your profits / losses what so ever .
Rising wedge pattern is considered to be a bearish pattern. Could be a good shorting opportunity. Trade with confirmation.
Pharma Giant Cipla is forming a classical Lower Top Lower Bottom Formation Looks weak to me Do ur own analysis before taking trades :)