The price action suggest, it might break out above at least 1300.
Still chances to move until 1320. Targets calculated with fib.
Within this month we could see Cipla crossing 1300.
Support and Resistance Levels:
Based on the price action, you have to identify two significant levels: the red line acting as resistance and the green line acting as support. Additionally, there have marked red and green shades to represent resistance and support zones, respectively.
Support: The green line and green shade represent support levels. These levels...
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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...
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...
💥Cipla💥-Nice Breakout
Capital to be deployed- 20k
Investing Price-1260-1270
Breakout Price-1254
Stoploss-1135
Targets-1482-1936
RT for max reach
#CIPLA #stockstowatch #StocksToBuy #StocksInFocus #stocks #StockMarket
Breakout 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!
Aur kuchh puchhna ho to aao kabhi haveli pe @ 8800611235
#stocks #trading #investing
*Cipla Ltd*
C&H (Rising) Formation on Yearly Basis.
P&F Formation on Monthly Basis.
Vol. BuiltUp gaining Traction.
ATH Priceline BreakOut Needed. To be Watched.
*Trail SL with Upside*
*Book Profit as per Risk Appetite*
Do Your Own Research as well. This is an Opinion.
Happy Investing 😇
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...
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.
this stock is facing resistance @1280 range...
after turned to be bearish price testing the resistance by creating a bullish channel...
if this channel breaks and retest price fills the bottom bullish gap...
These are swing idea's which you can add your watchlist and analysis for yourself.
Keep on radar.
Potential upside stock!
This content for only education purpose!
I am not SEBI Register
