CIPLA AT STRONG SUPPORT ZONE !!!!The price is trading at strong demand zone 850-- 875, Which is multiple time tasted by the price. Price taken support multiple times and bounce back towards the upside level. As we can see that price is trading at lower level and we seen a heavy correction in price from the all time high level of 1185 and now price is trading at 877.
850 --- 875 is strong support zone. If price respects the support level and shows good momentum either forms any bullish pattern or candle with high volume than we can plan the trade for upside with low risk & high Reward Setup.
#CIPLA
👉Price Near support zone of 850--875.
👉Heavy Correction Seen from ATH Level of 1185
👉If Respect the support zone than good bounce back possible.
👉Wait for bullish pattern or candle formation with good volume
👉Track on lower TF for strong reversal
👉A good entry we can see
CIPLA trade ideas
#CIPLA... Looks good for 27 mar 23#CIPLA... ✅▶️
Intraday as well as swing trade
All levels given in charts ...
IF good potential seen then we work in options also
if activate then possible a huge movement Keep eye on this ...
We take trade only when it activates...
Possible to give good target
TRADING FACTS
Cipla : A cure to unhealthy portfolio ?CIPLA
Cmp 880
Near support zone 850--870
870 coincidence with 0.786 Fibonacci level
Buy on strong candle formation at support
TGT : 1000-1080+
SL below 850 closing basis
One can also short upon breakdown of support zone for the target of 700.
Note: Just an idea not any recommendation to buy or sell the particular stock. It's just for education purpos to mark the target and SL technically.
Comment your views on this and correct me if wrong.
inverted hammer pattern in CIPLA LTD inverted hammer / bullish harami pattern at support in cipla ltd on 1 day time frame,
and there is also volume breakout.
one can expect upmove from here,
CMP = 881.75
target 1 = 907
target 2 = 945
SL = 869
THIS IDEA IS FOR EDUCATIONAL PURPOSE , TRADE AT OWN RISK.. NSE:CIPLA
CIPLA SWING TRADE 1 HOURHello TradingView community and my followers, please if you like the ideas, don't forget to support them with likes and comments, thank you very much and here we go.
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CIPLA
Daily : Major daily trend is up.
1 hour : 1 hour trend is down but stock is showing chances of reversal. Stock is consolidating and taking multiple times liquidity from below and giving signal of going up.
*Wait & look for an opportunity and we could see an upside movement.
THANK YOU !!!!