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DoublebassmaniawithPranav
Dec 7, 2021 7:58 AM

Cadila 810 ? Possible Long

NSE:CADILAHC1W

Description

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So, we all heard that they will be giving a major portion of children vaccine.

I said let’s see the charts.

Hmm... one hour there is a very good bullish positive divergence. But then how much movement we should expect.

So, the blue line gives cup and handle target, and the two white lines are Fibonacci retracement on weekly gives the two white line targets.

In all cases, 800 is coming.

Best traded in Cash. F&O I wouldn’t be so sure.

This is just a chart pattern discussion. Please trade your hard-earned money on advice of a registered stock market expert. I am a newbie trader :)
Trend AnalysisChart PatternsTechnical Indicatorscadilahealthcareomicronchildren
Comments
luckyGnu83400
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I'm hoping it rises fast. Bought it in options after seeing the divergence and lost half the premium.
DoublebassmaniawithPranav
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@luckyGnu83400, see I did say this is more of a Cash play. I have a feeling that last time movement came after 8 trading sessions. So by next monday we can see some gigantic move.. 20th December.. lets see.. all is an assumption, if it really moves by then, I am no insider, if it doesnt, I am just guessing ..lol...
luckyGnu83400
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@DoublebassmaniawithPranav, I'll keep my fingers crossed
luckyGnu83400
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@DoublebassmaniawithPranav, Ia, still waiting. Most of my capital is gone. I'm still running on vapours.
ratishtech04
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Instead u could’ve sold put option and gained on theta decay as well
Gotledu
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Holding on to this from time immemorial :)
DoublebassmaniawithPranav
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@Gotledu, wait for a solid volume candle..
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