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Cipla

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CIPLA trade ideas

CIPLA Close to invalidation of idea .. good zone above!Taking a punt at this just cause of that its had 26 hrs of accumulation i think above 636 support. So SL just below that ... the 21 day is acting as support and based on the killer bullish engulfing move a few weeks ago i feel 745 is coming quite fast. Please check my earlier HTF graph for reference of levels to get in and out. Anyways lets see what happens with this 641.40 average entry with SL as mentioned above . Hoping for 669 710 745 and beyond ... though i most likely won't be holding for long. Setting up nicely as a descending triangle on the 5 minute.
NSE:CIPLALong
by CompoundingGain
CIPLA - Possible Moderna -Got a ticket to ride?Don't know if its the hope of a Covid vaccine or just good fundamentals and hype but this stock is going up and wouldnt be surprized if it 2X from here before coming back down . As you see it bounced perfectly from a confluence of support on high time frame and uptrend line on the monthly. Buy the Dips ! Levels on chart. Golden cross already happened on LTF and looks to be flagging now, id be buying big at major support levels if you miss out buy the retest. Peace!
NSE:CIPLALong
by CompoundingGain