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...
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.
#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
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...
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
as you can see in chart cipla is trading in box . and total value of box comes around 120 points . delivery buy cipla above 829.05 tgt 949 sl 790 ( keep alert of price )
price touching 480 - 485 region and if you take a look at RSI it is very bullish and no bearish divergence till now so after confirmation of breakout we can enter in this trade
