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CIPLA LTD Share Tips, Technical Analysis Chart, Intraday Stock Trading Graph Advice - Stock is now facing strong resistance at current levels, RSI is also indicating stock in overbought zone, Will favor bears as long as trades below 517. (Updated On 29th August 2014, Friday).


CIPLA LTD





  • As per previous report published on CIPLA, stock gave a sharp bull rally after breaking in range bound zone,  after breaking its resistance around 463, stock is still on bulls run and so far made a high @ 517 that too in just 8 trading days. (Click here to see previous report published on CIPLA).
  • Now as per graph no1, stock is on bull run after breaking its range bound zone, as shown above stock made a bullish breakout.
  • As per graph no 2 , stock has now entered in over bought zone as RSI has now entered above level 70, its a sign of caution for bulls and chart also indicates that stock is currently facing 261.8% fibonacci retracement resistance, as long as trades below changes are high that stock can correct, once closes above its resistance @ 517 then further bull move is expecting as long as trades above. Volumes are also decreasing this indicates bulls as so far loosing it grip.
  • As per candle stick pattern, stock has also formed doji formation, this indicates change of trend, as long ad trading below its candle high @ 517, chances are high stock can see weakness.
  • As per graph no 4, if Cipla falls from current levels then will find strong support around 497, 485,  475, 465.
  • Click here to see all the free trading reports (tips) published by us on CIPLA Ltd.
  • Free day trading tips.

1 comment:


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What is Intraday Tips ?

Q. What is Intraday Tips / Inraday Trading / Delivery trading.

A. There are basically two types of trading on stock market--
1- Delivery
2- Intraday

Delivery trading is one in which shares are bought and can only be sold after they are delivered by the broker.that means that they cannot be sold the same day , and delivery takes two to three days after they are bought and then they are ready to be sold.

Intraday trading which takes place for that very particular day and there is no delivery..they can be bought and sold the same day...and are automatically sold at the end of the trading session if you have not sold it by yourself during the trading session. The person who suggest such types of forecast is called

Intraday Tips

.