sanrout2

Technical Analysis of CIPLA : BUY

Long
sanrout2 Updated   
NSE:CIPLA   CIPLA LTD
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TECHNICAL ANALYSIS OF NSE: CIPLA

The LAST CLOSE PRICE of NSE: CIPLA is 952.95. The PARABOLIC SAR is showing the UPWARD SIGNAL with TREND as UPTREND . The FIBONACCI LEVELS analysis shows that the CLOSEST FIBONACCI LEVELS is 0.618 at the FIBONACCI STOCK PRICE LEVEL of 954.25. From here, the Key Support and Resistance levels are SUPPORT 1 at 949.5, SUPPORT 2 at 934.8 with RESISTANCE 1 and RESISTANCE 2 at 970.4 and 997 respectively. The Key 50% FIBONACCI LEVEL stands at 934.8 which is the crucial Fibonacci Level determining whether the scrip will maintain the trend or not.

The STOC RSI has the values K and D as 81.92 and 83.66 respectively. At this level it the status is OVER BOUGHT. When we look at the Moving Averages, MACD is the crucial indicator to look into. With MACD VALUE at 7.77 and SIGNAL at 4.02 along with HISTOGRAM showing values of 3.73, the STATUS is clearly UPWARDS.

The best indicator to determine the Trend Reversal is FISHER TRANSFORM and currently the values of FISHER and TRIGGER stand at 2.27 and 2.22 with SIGNAL as TREND CHANGED TO BUY. A very important factor while making the investment is to see if there has been already too much of Buying or Selling, and that are we entering too late into the transaction or not. Thus, with WILLIAM's R% value at -0.1525 the STATUS is OVER BOUGHT.

No one wants to buy costly things, and thus always look for the bargain or appropriate price levels to buy things. Same applies to Stocks, however the only exception would be some Hot Stocks that one wants to have any price. Looking at this perspective, the P/E RATIO of the stock stands at 30.32 which signifies its Price Level to be AVERAGE.


Trade closed: target reached

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