CIPLABefore the technical analysis, Please do like comment and follow.
In the Hourly time frame, there is a half-circle pattern formed. Take entry after the breakout is done, Easy target will reach when the breakout is done, but target will reach after the retest. Do wait for the target. A breakaway gap is there, as well as target, is also in the gap so it will fill the gap and it reaches the target
CIPLA trade ideas
!!!-_-!!! CIPLA TREND - COMING SOON (TREND MIGHT LAST LONGER)These are my personal views as i FEEL there might be a minor reversals may be due to anticipated profit bookings.... Mainly cos retail traders dont really let their profits run completely...
But i see biiig smart money interest in this stock and sector...
My views for this stock is for more than 3- 6 months... good returns can be expected...
POSITIONAL LONG ::: CIPLA :::Technical analysis on FOREX and INDIAN MARKETS. We are not SEBI REGISTERED ANALYSTS The views expressed here are for our record purposes only. Please consult your personal financial advisor before investing. We are in no way responsible for your profits / losses what so ever .
CIPLA NEAR PRZDISCLAIMER :
As a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level.
Not every idea is a valid trade.
This analysis is a trading idea, not a trading signal for you.
My own trend direction estimation, entry point, stop loss and take profit levels are on the chart.
Good Lucks.