Cadila Healthcare Futures

Cadila Healthcare Futures
LTP: 555.50
Support: 532.65
Resistance: 557.55

The resistance here is the breakout level as well. The stock is trading very close to it. Once the candles cross and trade strongly above 558, Cadila Healthcare might show a big breakout.

Daily chart (long term)
DEMA here is perfectly aligned.
Volume has a strong green bar.
MACD is very strong.
RSI is in the over bought range but in an uptrend.

Hourly chart (medium term)
DEMA is perfectly aligned.
Volume is positive.
MACD is bullish.
RSI is in the overbought range and this could be indicating new bull run.

15m chart (short term)
DEMA is aligned well but the 5 DEMA is showing weakness.
Volume is neutral and uncertain.
MACD is neutral.
RSI is correcting itself but is in the bull zone, above 50 mark.

Can buy on dips as a positional trade with targets of 574 & 580.


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