[Positional] Cipla Buy Idea SnR BetNote -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
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CIPLA trade ideas
CIPLA - Upward Bullish Trend - Short Term Target 1070-1080CIPLA has been on upwards bullish trend channel, recently it hit the key support trend line and bounced off sharply. I except CIPLA to test the channel upper trend line , with short target of 1070-1080 in next 5-6 weeks. If it breaks above the upper trend line for 2-3 consecutive days, expect a major breakout. But so far it has been in the channel for last 18 months.
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Cipla 1HR Time Frame EMA with Support and Resistance !This is a Simple Strategy with only use of EMA
1. Add 50 and 200 EMA
2. Set Time Frame to 1hr or Your Comfort
3. if 50 EMA Cross above 200 means its a Buy trade !
4. Similarly if 50 Cross Below 200 EMA Means its a Sell Trade !
5. Take Profit is previous support or Resistance or you can use 50 EMA Crossing as a Take Profit also
CIPLA Multi Year Range BreakoutThe stock has broken out with good volumes and retested, so it may undergo a rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 3:1
SL is placed below support zone & the previously upper & lower trendline. The target is placed based on fundamentals.