Broke the trendline today...it may retest and then continue moving upward
As per charts Note :- Entry - At the break of mentioned candle's low/high Stop Loss - In a Short Trade, I always use Previous Candle High ( PCH ) as a stop loss while entering the trade. Sometime I might use 15 M tf SL & trade in 30M tf which I'll mention. Vice Versa for long trades Trailing Stop Loss ( TSL ) - Mostly I trail stop loss by PCH as price...
Cipla consolidating from a long time after breakout and now ready for other upmove. close above 839 is a good buy
Cipla with good volumes can touch Rs. 827 in December. What are we talking about:- Cipla will touch Elliott Wave 3 starting point of Nov 10, 2020 - to Rs. 810+ with Gann fan support can even touch Rs. 827 in December. Price movements will be slow - but we have a cyclic harmonic pattern suggesting us that Dec 7/Dec8 will be an important date for this...
With vaccine race in the market still going on , CIPLA is forming a cup with handle pattern and is ready for breakout in 3-4 sessions.
BUY CIPLA for short term investemnt TG - 820... or 830 HOLD for 2 weeks... profit 8-10%
Cipla looks bullish for a swing trade with mare than 3 confirmation.
price made decent breakout of the range ( 820 - 830 ) big resistance and candle also made good close above the range Range breakout 820 - 830 Buy : 815 - 830 Stop : 724 Target : 880 , 950 , 1000
CIPLA consolidated for 4-5 months in a 120-140 range. Now making a attempt to BO. My analysis is that it could retest the VAH of the consolidation before going up further. Retest has to happen in few weeks while forming comparatively smaller candles.
Cipla is ready to breakout... other pharma stocks are going to blast soon.... cipla target is 1000plus soon...
Cipla is showing negative divergences on a 15 minutes time frame. Ideally, when price makes a new high and RSI fails to make a new high, it gives a good signal for a short term pullback. However, pharma is in a strong bull rally, so entry and exit should be real quick. Target 1 - 810 target 2 - 795
as you can see in chart cipla is trading in box . and total value of box comes around 120 points . delivery buy cipla above 829.05 tgt 949 sl 790 ( keep alert of price )
Looking for good trade? - Cipla is ready for breakout target Rs. 825++