[Long term] CIPLA HODLShould get to 2000 in 2022, but as expected a period of consolidation for a few years in the middle
CIPLA trade ideas
Cipla, BreakoutPosted this chart earlier. Price consolidated at the long held resistance line to breakout. 50DMA about to cross 100 DMA. Pharma segment is turning around. Good time to invest for long term gain. I shall cover select Pharma scrips as an when they fulfill the logic of technical study.
Cipla, ResistanceTrend is changing in Pharma industry after 3-4 years of slump condition. Note that Cipla is a very volatile stock. At present price has recovered from lows and is facing resistance. So this is a decisive level. Price is comfortable above 200 DMA and one more thing is 50 DMA may soon cross 100 DMA which will boost the sentiment. A correction or consolidation is expected at the present level.
CIPLA Testing ResistanceAfter having a bullish run for years. Cipla may break downwards if it breaks resistance.
cipla shortShort was given by system at @578 1st Target 564 , achived going for 2nd target 549 ,stoploss of 576
CIPLA - Daily Candle Chart- RSI +ve divergence (hidden)
- bounced from 200 EMA
- Targets are fib ratios 1, 1.618 on chart with SL as last low of 555.
- WAIT FOR BULLISH CANDLE TO GO LONG
Note - This is only for study purpose and i will not be liable for any PnL made based on above chart.
Please DYOR.
Cipla Bounce from Trend Line Target 650Cipla bounce from 9 year Trend line,Stock shows strong uptrend buy Cmp 547 Target 600-650
DNA STRATEGIES= BUY -582 SL -571 TP -592DAILY FINANCIAL WISDOM: The search for the perfect trading system is one of the key sources of losing money...
CIPLA LONGExtremely favourable risk reward trade. Stoploss at 503, just above 200 week moving average. Extremely important level for any stock. It has broken the resistance level of 500 and may soon breach 100 DMA.
First target is 540 and second target is 576.
This trade does derive comfort from the general breakout of pharma sector in India.
CIPLA to GO LONGCIPLA to GO LONG -
Since CIPLA also moves a bit as per Nifty, we can expect a small upward move till 480 - 490 Levels shortly.
I really don't know what will after that.
CIPLA - BUY Triangle BreakoutAfter long consolidation, it has broken to the upside with high buying volume.
Target: 494 SL 470
CIPLA to GO UPOk I'm again of the opinion that CIPLA is going to go up. If it Crosses 471 then 474 - 475 is coming up. It does look like there is some kinda delay. Maybe its just waiting for June 22nd for the management to come up with some crap decision.
