Pfizer long around 4000 Trend line and horizontal line support Long

PFIZER LTDNSE

Description

⋅ May 31, 2020 3:26 PM

Pfizer long around 4000 Trend line and horizontal line support. With a target of 4400-4500 and 5000 levels.
Being a pharma sector should do well, and its been down from 5000 levels, almost 25% down from highs.
SL at 3885

Comments

YashS9

⋅ Jun 2, 2020 6:38 AM

Hi @bharanikumar This broke an important support! What do you recommend next?

bharanikumar

⋅ Jun 2, 2020 9:54 AM

@YashS9, Support is considered as broken only if LTP at end of the day stays below support. Also there could be false breakouts

if it stays above the support today, I believe we can buy it with SL 3885. In my suggestion also I mentioned the stop loss at 3885.

YashS9

⋅ Jun 2, 2020 10:45 AM

@bharanikumar, very well explained. Thank you so much!