Stock Analysis of Cadila Healthcare

Price - 622.50 Dt. - 20.07.2021

The stock is consolidating from May 10 and on 20th July stock took the support of a lower horizontal line and managed to close above the 50DEMA. The stock broke the 21 DEMA which was acting as a support for the last few days. Nifty Pharma may start moving up from the next trading sessions.
If the stock starts moving up from Thursday and if it is above 630 after 1 pm with high volume then it would be a buy signal with the target of 670.