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Ciplalong

🚀 Seizing Opportunities: Cipla's High-Reward Trade Potential!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 frame indicates an upward trend at price trading at 20 EMA, a sideways movement when considering smaller swing levels. HTF (Weekly): Zooming out to the weekly chart, there's a clear absence of resistance, setting the stage for potential bullish movements. Trade Strategy 📈: Zone Analysis: The 75-min demand zone is robust and presents a prime opportunity for a low-risk, high-reward trade. Risk-Reward Ratio: Planning for a Risk-to-Reward Ratio of 1:4, ensuring a favourable balance between risk and potential profit. Why This Trade Stands Out 🌟: The 75-min demand zone serves as a stronghold for potential price movements. The daily trend, Price trading at Daily EMA 20. A lack of resistance on the weekly chart provides a favourable backdrop for an upward trajectory. Final Considerations 🚀: Cipla's current positioning offers not just a good trade but a high-reward opportunity. With a focus on the strong demand zone and a promising risk-reward ratio, this trade deserves attention. Trade Smart, Trade Confidently! 💹✨ Disclaimer 🚨: This analysis is for educational purposes only. I am not a SEBI registered analyst. Trade responsibly.
NSE:CIPLALong
by AfnanTAjuddin
Cipla for solid returns The weekend is a good time to scroll through the charts to find some gems for the coming week and for the coming month. Cipla is one such stock that came on my radar this week, stock had seen a good move from 738 levels to 966 levels, comprising about 35% return in just 4 -5 weeks. After seeing a remarkable rally, stock decided to correct, and I as a buyer could take advantage of this correction to grab this stock at attractive levels for participating in the new up leg, that may take stock to 1000 and 1100 levels, and that rally is most likely to come, considering the previous strong price action. The near-term support is at 855-845 levels, that I am expecting the prices would hold and also bounce from it. The daily chart also provides good support around 870 and chances are there that stock might reverse from here, hence buying can be done at two trenches. Trade type: Positional : Pullback Trade : Support Buying If you are trading this, you are trading at your own risk, please do your own research as well. Share the post, if you find it informative and useful.
NSE:CIPLALong
by manuagarwal21
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