CIPLA trade ideas
CIPLA--Head and shoulders Pattern??A strong Bearish pressure is observed in this stock recently.
On bottom side we have a bullish gap left below at 1060 zone.
A left shoulder is formed at 1230 zone.
we have a chance of right shoulder formation, if a rise is from 1135 at neckline...
then we have a chance of break below the neckline to reach, the bullish gap. wait for the price to break the neckline and retest then will go for complete short side.
Keep in short side in this stock.
🚀 Seizing Opportunities: Cipla's High-Reward Trade Potential!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 frame indicates an upward trend at price trading at 20 EMA, a sideways movement when considering smaller swing levels.
HTF (Weekly): Zooming out to the weekly chart, there's a clear absence of resistance, setting the stage for potential bullish movements.
Trade Strategy 📈:
Zone Analysis: The 75-min demand zone is robust and presents a prime opportunity for a low-risk, high-reward trade.
Risk-Reward Ratio: Planning for a Risk-to-Reward Ratio of 1:4, ensuring a favourable balance between risk and potential profit.
Why This Trade Stands Out 🌟:
The 75-min demand zone serves as a stronghold for potential price movements.
The daily trend, Price trading at Daily EMA 20.
A lack of resistance on the weekly chart provides a favourable backdrop for an upward trajectory.
Final Considerations 🚀:
Cipla's current positioning offers not just a good trade but a high-reward opportunity. With a focus on the strong demand zone and a promising risk-reward ratio, this trade deserves attention.
Trade Smart, Trade Confidently! 💹✨
Disclaimer 🚨:
This analysis is for educational purposes only. I am not a SEBI registered analyst. Trade responsibly.
CLEAN BREAKOUT STOCK TO KEEP IN RADARBreakout Soon Candidate!
CIPLA
Always Wait for Breakout Candle
Risk Management!
1- If Breakout Candle is Wide Than SL will be BO Candle
2- If Breakout Narrow Than SL Will Recent Swing Low of the pattern!
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CIPLA ( RESISTANCE BECAME SUPPORT)Cipla taking support near all time high. Now resistance became support at all time high.
psychology behind buying here is this - people who left for buying near all time high they will buy. and week hand out because of there depleting profit as stock coming near their buying level.
Fresh buying will take price higher.
Always keep sl in system not in mind. This is the only grail in the market
CIPLA--Near its Bullish gap??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.
CIPLA--@Monthly Resistance ??CIPLA at monthly resistance zone...
A break is observed from this zone in daily time frame...
failed to close above the resistance...may lead to fall again...
on bottom side observed a bullish gap left...
After filling the bearish gap...price moved drastically to upside.....
keep watch this stock...if any rejections from resistance will go for short.