CIPLA trade ideas
CIPLA LONGExtremely favourable risk reward trade. Stoploss at 503, just above 200 week moving average. Extremely important level for any stock. It has broken the resistance level of 500 and may soon breach 100 DMA.
First target is 540 and second target is 576.
This trade does derive comfort from the general breakout of pharma sector in India.
CIPLA to GO LONGCIPLA to GO LONG -
Since CIPLA also moves a bit as per Nifty, we can expect a small upward move till 480 - 490 Levels shortly.
I really don't know what will after that.
CIPLA - BUY Triangle BreakoutAfter long consolidation, it has broken to the upside with high buying volume.
Target: 494 SL 470
CIPLA to GO UPOk I'm again of the opinion that CIPLA is going to go up. If it Crosses 471 then 474 - 475 is coming up. It does look like there is some kinda delay. Maybe its just waiting for June 22nd for the management to come up with some crap decision.
CIPLA - UpWard Move Starts on Monday ( 6th-June-2016 )I don't know why, it will move up to about 477 - 478. I just know it, call it " GUTT FEEL "
Buying Cipla Near Support - 5/25/2016After spending almost two years in stratosphere, Cipla is coming back to earth. Our bias is that Indian Pharma sector will continue to grow. That means, we should buy good pharma stocks when everybody is selling. Yesterday's bad result will be forgotten sooner or later and we will be back to talking about growth. Of course, we are not sure when the slide in the stock will end eventually but, support level near 400 is good to get long. Because even if they are destined to go much lower, it is not going to be in straight line. We are going to trade actively between 375 and 425 support zone from long / buy side.
Cipla - will 200 weekly MA hold?A big down bar on weekly charts on lower volumes after a bounce from 200 WMA with higer vols. Is this a continuation of a breakdown. Maybe more clues over the next few candles, perhaps!
Cipla: Nice Base FomationStock consolidating near support. Expect a rally to the resistance at 570-ish
CIPLA - GOOD BUY MEDICINEAs per the Elliot Wave, 5 waves correction has been completed and now I expect three upward corrective waves before the its bearish downtrend resumes in its direction.
Risk/Reward: 1:5
Target: 609-616
Stoploss: 571-580
CIPLA - "BUY" Medicine on reports As per Elliot Wave, 5 wave correction has been completed at 580 levels and now I expect to see 3 corrective waves before it continues on to its downtrend. Markets in all indices show similar charts, and I believe the markets are ready for a short term corrective upward move.
Risk Reward: 1:5
Target 1: 609-620
Stop Loss:570
