#CIPLA
Stock gave decent correction last month. Reversed from 1335 levels, then formed a strong damand zone at the level - 1390-1400.
Now earning is there. Market is signing up for the second phase. I never believe that news makes chart. For me chart and technicals are always formed first, many days before, and then news comes into the market.
So as per the chart we can expect a good earning result from Cipla.
The best entry point as per technicals, is at 1435. Stoploss can be seen around 1392-1390 levels on daily closing basis.
The first target we can achieve is at 1500-1520 levels. And if we are able to close above this even on 4 hours candle then target of 1660-1665 can be achived very very soon.
I give classes to #masterclass in live market with practical assignments so won't be able to give much updates. But you don't need it anyway because these are technicals levels and are well defined as per market direction.
This is not a buy/sell reccomendation but a pure study of how we can pick a stock for #SwingTrading. So rather than to jump directly on earning, better focus few days on learning. Because,
Believe or not - Learning is Earning.
Cheers!
Stock gave decent correction last month. Reversed from 1335 levels, then formed a strong damand zone at the level - 1390-1400.
Now earning is there. Market is signing up for the second phase. I never believe that news makes chart. For me chart and technicals are always formed first, many days before, and then news comes into the market.
So as per the chart we can expect a good earning result from Cipla.
The best entry point as per technicals, is at 1435. Stoploss can be seen around 1392-1390 levels on daily closing basis.
The first target we can achieve is at 1500-1520 levels. And if we are able to close above this even on 4 hours candle then target of 1660-1665 can be achived very very soon.
I give classes to #masterclass in live market with practical assignments so won't be able to give much updates. But you don't need it anyway because these are technicals levels and are well defined as per market direction.
This is not a buy/sell reccomendation but a pure study of how we can pick a stock for #SwingTrading. So rather than to jump directly on earning, better focus few days on learning. Because,
Believe or not - Learning is Earning.
Cheers!
