AfnanTAjuddin

๐Ÿš€ Seizing Opportunities: Cipla's High-Reward Trade Potential!

ืœื•ื ื’
AfnanTAjuddin ืžืขื•ื“ื›ืŸ   
NSE:CIPLA   CIPLA LTD
Embark on a journey into the charts of Cipla as we uncover a compelling trade opportunity, breaking down the analysis in simple terms for both new and experienced traders.

Current Market Dynamics ๐Ÿ“Š:
  • LTF (75 min): Cipla is currently positioned within the 75-min demand zone, characterized by a Rally Base Rally (RBR) structure.
  • ITF (Daily): The daily time frame indicates an upward trend at price trading at 20 EMA, a sideways movement when considering smaller swing levels.
  • HTF (Weekly): Zooming out to the weekly chart, there's a clear absence of resistance, setting the stage for potential bullish movements.

Trade Strategy ๐Ÿ“ˆ:
  • Zone Analysis: The 75-min demand zone is robust and presents a prime opportunity for a low-risk, high-reward trade.
  • Risk-Reward Ratio: Planning for a Risk-to-Reward Ratio of 1:4, ensuring a favourable balance between risk and potential profit.

Why This Trade Stands Out ๐ŸŒŸ:
  • The 75-min demand zone serves as a stronghold for potential price movements.
  • The daily trend, Price trading at Daily EMA 20.
  • A lack of resistance on the weekly chart provides a favourable backdrop for an upward trajectory.

Final Considerations ๐Ÿš€:
Cipla's current positioning offers not just a good trade but a high-reward opportunity. With a focus on the strong demand zone and a promising risk-reward ratio, this trade deserves attention.

Trade Smart, Trade Confidently! ๐Ÿ’นโœจ

Disclaimer ๐Ÿšจ:
This analysis is for educational purposes only. I am not a SEBI registered analyst. Trade responsibly.

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