Cipla looks to be in a rectangle. If breaks it'll be 900+ in no time.
Stock Analysis: Cipla has broken the box looks good buy around 770 for conservative entry for the target given on the chart on coming days. Let's see. Happy Investing!
CONFLUENCE OF Daily & 4HR Bearish shark STRONG zone VERTICAL DOTTED LINE is Ultra high volume up bars - trap of Smart Money , Higher volume- Professionals are selling into the public buying SET UP BECOMES VALID ONLY when RSI is below 70 and IF Price breaks ULTRA HIGH VOLUME Candle LOW & Within 3-5 price bars need the confirmation from a BEARISH CANDLE with ...
Bearish SHARK VERTICAL DOTTED LINE is Ultra high volume up bars - trap of Smart Money , Higher volume- Professionals are selling into the public buying SET UP BECOMES VALID ONLY when RSI is below 70 and IF Price breaks ULTRA HIGH VOLUME Candle LOW & Within 3-5 price bars need the confirmation from a BEARISH CANDLE with LOW VOLUMES & with NO DEMAND l.e...
CMP-883 BUY ON EVERY DIP STOP LOSS-575 TARGET-1100/1200/1400.
if market goes bullish and close above high of last wave,than go for a buy. (20-50MA crossover).
CIPLA RESISITANCE 800 SHORT TRADE
Cipla is moving in the down channel so we can long above 800 with TGT 860-900/stop-loss be 778 & short below 780 TGT will be 720-650/stop-loss will be 805
Cipla seems to be in range between 705 and 820 can sell strangle for Apr expiry
It has completed impulse at last orthodox top and dropped in ABC zigzag down. So the next move would a choppy bounce of (X) wave in complex correction cycle. Wait for A wave bounce to confirm the start of (X) wave for reference. When (X) wave will finish, it start dropping down again in (Y) wave.
Stock has broken trend line, expected target given on the chart . lets see....
On 1 hr time frame 1. Broken 200 EMA on 18th Feb. 2. Price is getting rejected at 200 EMA (marked by blue circles). 3. Currently Cipla is range bound (marked). Any break on lower side will confirm the previous break of 200 EMA and will continue to fall. This is just for an educational purpose.
It's for learning purpose (don't follow me, I am noob)