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Buy cipla

Discussion in 'Technical Analysis' started by jignesh_acharya, Jan 28, 2015.

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  1. jignesh_acharya

    jignesh_acharya Active Member

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    Cipla is trading near 52 week high

    My view buy @ 700 , SL-660, Target--790

    What is your view?
     
    jignesh_acharya, Jan 28, 2015
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  2. shabbir

    shabbir Administrator Staff Member

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    Looks awesome :D
     
    shabbir, Jan 28, 2015
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  3. saptarshi_sachin

    saptarshi_sachin Responder

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    Absolutely jignesh.... Spot on! Chart looks very good!
     
    saptarshi_sachin, Feb 1, 2015
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  4. saptarshi_sachin

    saptarshi_sachin Responder

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    To my surprise, Cipla has failed to move up & moved back and currently at 665

    Stop loss at 660 (still intact), and results for Cipla coming up on Feb 12.

    Entered Cipla at 680 (did not expect it to go down to 665), and still holding....

    What are you views Jignesh ?
     
    saptarshi_sachin, Feb 5, 2015
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  5. jignesh_acharya

    jignesh_acharya Active Member

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    Pharma is under pressure since last 3_4 days
    Let's see...
     
    jignesh_acharya, Feb 5, 2015
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  6. saptarshi_sachin

    saptarshi_sachin Responder

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    Cipla recovered a bit to 671..... Let's see
     
    saptarshi_sachin, Feb 5, 2015
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  7. shabbir

    shabbir Administrator Staff Member

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    Fingers crossed.
     
    shabbir, Feb 5, 2015
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  8. saptarshi_sachin

    saptarshi_sachin Responder

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    Cipla behaved horribly.

    Managed to close at 662. Horrible! Still holding...
     
    saptarshi_sachin, Feb 5, 2015
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  9. jignesh_acharya

    jignesh_acharya Active Member

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    Yeah me too. See the sensex today lost around 450/points from intra day high. Tremendous selling pressure.
     
    jignesh_acharya, Feb 5, 2015
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  10. shabbir

    shabbir Administrator Staff Member

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    Yeah. Lot of pressure.
     
    shabbir, Feb 6, 2015
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  11. saptarshi_sachin

    saptarshi_sachin Responder

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    Very poor show by Cipla today also. Went higher in morning only to come down drastically to below 650 levels. Closed at 655 finally.

    Don't have any clue what is happening to Cipla. A news has come in today evening about Cipla-Serum merger. Serum Institute is the world's largest vaccine maker and they are considering a merger with Cipla. There could be a reaction due to this next week.

    Any views would be appreciated.
     
    saptarshi_sachin, Feb 6, 2015
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  12. shabbir

    shabbir Administrator Staff Member

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    Avoid if you see stop loss is being hit.
     
    shabbir, Feb 7, 2015
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  13. jignesh_acharya

    jignesh_acharya Active Member

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    I believe that still 640 is strong support and the stock is forming the bottom at the current price.
    Yesterday's low (@ 645)was exact at the 61.8 retracement level from where it bounced back to 655.
    Yesterday's candle is outside candle which shows indecision, and this candle has not still cleared 660 level completely (i.e. its high is not below 660)
    Cipla started to fall at the same timing when nifty started to fall yesterday, until that it was good enough with Gap up opening.
    This is my personal view's , What is your opinion shabbir?
     
    jignesh_acharya, Feb 7, 2015
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  14. jignesh_acharya

    jignesh_acharya Active Member

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    Completely lost...seems that market didn't liked merger, All technical levels are also broken..really horrible
     
    jignesh_acharya, Feb 9, 2015
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  15. shabbir

    shabbir Administrator Staff Member

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    Yeah and this is where stop loss is a savior.
     
    shabbir, Feb 9, 2015
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  16. jignesh_acharya

    jignesh_acharya Active Member

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    Agreed with you...that's where masters Advice save us.
     
    jignesh_acharya, Feb 9, 2015
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  17. saptarshi_sachin

    saptarshi_sachin Responder

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    Horrible show again today.
    Irritating..... I am holding and will still hold.
    Let me see how much it can go down, there is nothing else that can be done now.... Did not exit at 660 (jignesh's stop), and now no point.

    FIIs toying around with Cipla, for no reason.... fooling people around.
     
    saptarshi_sachin, Feb 9, 2015
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  18. shabbir

    shabbir Administrator Staff Member

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    Thats not how you can be great trader. Learn from your mistake and try to come out of it with minimum loss and in a bounce.

    Don't try to play against the market if it continues it downward spiral.
     
    shabbir, Feb 9, 2015
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  19. saptarshi_sachin

    saptarshi_sachin Responder

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    Ok Shabbir..... Yes I understand what you are telling.. that's true
    Let's see what can be done...
     
    saptarshi_sachin, Feb 9, 2015
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  20. shabbir

    shabbir Administrator Staff Member

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    Don't see a bounce coming and so either it can consolidate here or can move down from here soon as intermediate support of 640 is breached. I still see a reason to hold but with a strict stop loss of 600 and only if you can take 30 Rs more loss
     
    shabbir, Feb 10, 2015
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