Cipla is giving breakout almost after 1 year. Expecting good move from here
Cipla breaking the trendline and going for a good upwards rally. Possible target of 1000+ in this stock. Trade safe. Manage your risk. Be profitable. Disclaimer :- This is just my view. Please analyze charts yourself and then decide to take any trades.
The stock is in consolidation from last 10 months. Needed two consecutive closing above 1000 Target 1100. Intraday up move above 960 Target 980. Sl 950
After a long rally, major consolidation happened in this stock. Now tested at higher prices but volume is not impressive to enter into stock so, no reason to buy for new buyers(they will wait for proper correction) unless any good news for pharma or stock the price struggles to move further. My view is neutral to short. It breaks the support and again raising to...
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.
The weekend is a good time to scroll through the charts to find some gems for the coming week and for the coming month. Cipla is one such stock that came on my radar this week, stock had seen a good move from 738 levels to 966 levels, comprising about 35% return in just 4 -5 weeks. After seeing a remarkable rally, stock decided to correct, and I as a buyer could...
Everything mentioned on the chart for learning and educational purposes only.
price made decent breakout of the range ( 820 - 830 ) big resistance and candle also made good close above the range Range breakout 820 - 830 Buy : 815 - 830 Stop : 724 Target : 880 , 950 , 1000
CMP 820 (JAN EXPIRY) TGT 870/910 SL 772 #It is near all time high 829. # short term moving average is above medium to long term average. #Pharma sector is outperforming in last few months. #DMI indicator turns bullish on the daily chart. #RSI and MACD also indicates strength on daily and weekly chart.
Cipla almost prepared for big boom. It can trigger any time. Ready to RSI break out and chart too.
This analysis is purely based on price action and Chart Patterns. The analysis is on 15min TF hence target can be achieved in intraday trade or in couple of days Trade strategy is explained in image itself. Don't run after the price. Always plan your trade & trade your plan Keep trailing SL accordingly once entered into the trade. Trade at your own risk and...
Cipla failed to sustain above 818 and some more profit booking expecting.
Buy CIPLA Setup - 5.5% gain (September 2020)