Cipla can pull backCipla looks in late stage rally (probably done). Can move below 600 & lower soon. Probably towards its 38.2% retracement level of 565. Not a good place to create new positions
Cipla
Cipla - Profit booking and supply zoneCipla is on the harmonic Prz Area. The reversal zone and price can correct from here. Exit if you're holding any position in Cipla. The new position is in the short side.
Sell: 665
SL: 680
Target: 590/500
Timespan: 4-8 Weeks
CIPLAStocks seems to be in good uptrend , price should take support at trendline if trend line breaks we can easily see 617 and 599now 599 is major support would be difficult to break , overall nifty pharma is in good bullish trend , if the stocks take support at trend line we can see previous high of 669
Views and suggestions invited
Thanks
CiplaAs per Harmonic, CIPLA forms a shark pattern. It will reverse from the box. And Another passible to reversal will happen price action but it is testing 4th times. it might be weaker. More cation on the short side and don't comparison/forget to place the stop loss
Cipla may pause its uptrend in this supply zone - Longs HedgeNSE:CIPLA can possibly pause its uptrend in this supply zone.
One hedge their long portfolios here.
Cipla view from 1 June 2020Cipla has tested the Historical S = R Zone .. also fib retracement to fib .23 level . Upward Also it is trending at monthly Uptrend level possible uptrend till resistance or the highest level is reached . also good buying volume present
CIPLA - Strong trend-line resistance CIPLA is on strong uptrend from past couple of days, however currently at strong trend-line resistance.
Incase if gap-up opening above resistance ans sustains, go for clear long.
Incase if pharma sector is -ve in next trading session, we can consider for shorting opportunity.
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Painting #CIPLA stockThis is for fun, please let me know what you guys see in this chart :)
I see there is big tall tower coming next as usual or the road is closed.
Cipla Shiftting closer to Target : 500=>time to sell.
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CIPLA - Probable Downfall in coming session(s) - POSITIONALCipla seems to have a bearish sentiment. Broken the Channel and the Monthly zones with good volume. Expecting it to fall further (a retracement to the red line is quite possible). Will be entering short basis candlestick pattern and if it shows rejection below the red line for a TGT of about 521-525.
Entry would be mostly around 585 (near to the red line, if retracement is seen), SL above 603.5, TGT: 521-525.
Disclaimer: These are just my views, I am only SHARING my views - kindly do NOT trade blindly with these levels, please do your own research before entering/ or as per advice from your own financial adviser.
Note: All the values given are in CIPLA spot price chart. And also please note this is Positional analysis and is NOT for intraday
This can be followed by a long entry later on after completion of a Harmonic Pattern, will be updated later if a good entry is seen
#CIPLA @Cipla_Global #CNXPHARMAShortTerm Target Rs. 462
LongTerm Target Rs. 485
StopLoss Rs. 437.5
CMP Rs. 447.10
SUPPORT & RESISTANCE
Cipla ~ Pullback over on this counter?I have been bearish on pharma since mid of April, (you can see my AURO Pharma analysis posted sometime back). Now here cipla looking for juicy short,as long as 680 not broken decisively.
Target 1 -322.
cipla rangecipla is currently in accumulation zone and also cipla momentum go down as per my analysis if cipla break 670 or below 670rs if cipla close so cipla weak... keep in radar...
cipla fill gape in future 429-470 gape
CIPLABefore the technical analysis, Please do like comment and follow.
In the Hourly time frame, there is a half-circle pattern formed. Take entry after the breakout is done, Easy target will reach when the breakout is done, but target will reach after the retest. Do wait for the target. A breakaway gap is there, as well as target, is also in the gap so it will fill the gap and it reaches the target
will cipla going to make new high ?as far trend is +ve / volume is good corrective move was expected after ,its now ready to again track
