Embark on a journey into the charts of Cipla as we uncover a compelling trade opportunity, breaking down the analysis in simple terms for both new and experienced traders.
Current Market Dynamics 📊:
LTF (75 min): Cipla is currently positioned within the 75-min demand zone, characterized by a Rally Base Rally (RBR) structure.
ITF (Daily): The daily time...
Price is approaching the bullish gap area....
A strong fall is observed after a lot consolidation...
It may continue its trend to the upside...
If we observe a weakness in buyers to push the price up. Chance of fall back...until price breaks this demand keep in long view.
this stock is facing resistance @1280 range...
after turned to be bearish price testing the resistance by creating a bullish channel...
if this channel breaks and retest price fills the bottom bullish gap...
Only educational purpose . Cipla is trading between the channel as shown in chart . For long position wait for channel tasting best resistance 1200 best support 1000
cipla trendline breakout intraday tgt buy between 1095-11 sl 1087 tgt 1110/1115/1122 long tgt for swing traders buy now sl 1085 tgt 1170/1250 within two weeks.
all above information are only for educational purpose only
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
#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
Looking Good to Buy
All the key levels are mentioned in chart with Stop-loss and Targets
Daily RSI
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
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...
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.
