Cadila - Box Bottom Support
One of the last vaccine plays that we have which is yet to announce to the market.
This week could potentially have been a shakeout of weak hands.
Today the stock took support at the bottom of the box and bounced back nicely.
Look for a fresh trade on Monday close to the box bottom close to 605/610 with a SL around 585.
I believe once the vaccine news comes this stock could potentially shoot up to 700/770.
This week could potentially have been a shakeout of weak hands.
Today the stock took support at the bottom of the box and bounced back nicely.
Look for a fresh trade on Monday close to the box bottom close to 605/610 with a SL around 585.
I believe once the vaccine news comes this stock could potentially shoot up to 700/770.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.