CIPLA trade ideas
CIPLA Breakout Setupprice 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
CIPLA Is this the BO ?CIPLA consolidated for 4-5 months in a 120-140 range. Now making a attempt to BO. My analysis is that it could retest the VAH of the consolidation before going up further. Retest has to happen in few weeks while forming comparatively smaller candles.
Cipla is ready to breakout.. Cipla is ready to breakout... other pharma stocks are going to blast soon.... cipla target is 1000plus soon...
Cipla - Short term pull back expected Cipla is showing negative divergences on a 15 minutes time frame.
Ideally, when price makes a new high and RSI fails to make a new high, it gives a good signal for a short term pullback.
However, pharma is in a strong bull rally, so entry and exit should be real quick.
Target 1 - 810
target 2 - 795
buy cipla above 829.05 tgt 949 sl 790as 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 )
Cipla ready for breakout - Rs. 800++Looking for good trade? - Cipla is ready for breakout target Rs. 825++
Cipla- Good long setup. 15m analysis.Cipla is looking very bullish around these levels. Breakout with good volume. The target of 2 pivot points can be taken.
The risk to reward ratio of 1: 1.75.
CIPLAI'm not an expert I'm just sharing my views on CIPLA for next trading day
I'm not responsible for any profit or loss this is not a recommendation
Go short if open flat or almost flat and cross level Go short if open flat or almost flat and cross level
Symmetrical Breakout In Cipla - Expecting a move till 860--900.Cipla has given breakout above Symmetrical Triangle.
Expecting a move till 860--900.
Bull Call Spread on Cipla
+1x 31DEC2020 800CE - ₹ 18--20
-1x 31DEC2020 860CE - ₹ 5.00-6.00
Max. Profit - ₹ +60,320
Max. Loss ₹ -17,680
Max. RR Ratio 1:3.41
Breakevens - 814.0
Estimated Margin/Premium - ₹ +35,804
Cipla - Flag breakoutOne of the best rated and widely owned by DII's pharma companies.
Cipla had a flag breakout with high volumes.
Long at CMP with SL below 775.
Target new 52 week high.
CIPLA LTD DAILYBearish BAT
End of Rising Market- a narrow spread gapped up bar on Ultra High/Very High volume closing in middle or off the high having a strong bull run in the background. AS the market is gapped up and approaching at previous resistance then this is an even stronger sign of weakness..Here previous Resistance is HIGH of ULTRA HIGH VOLUME Candle i.e vertical dotted lines..only if this candle closes with NARROW SPREAD then Trade No Demand or Up-thrust short with market order, after the End of Rising Market & place the stop loss at the previous resistance
ELSE if candle close will be WIDESPREAD then
expecting Reversal from BIGGER BEARISH BAT
Cipla ViewCipla almost prepared for big boom. It can trigger any time. Ready to RSI break out and chart too.
Cipla - Breakout?Cipla on verge of daily trendline, Volume is quite good and pharma sector too. Targets on chart...
Cipla - Bullish Wolfe WaveCipla has bullish wolfe wave on 30 mins TF. a small resistance zone above, lets see how it react there, Targets on chart...
