Whatvare expected results of Sun Pharma in 11 Aug. abhilashji. This has got beaten like anything. So timeframe is really very important . When do u expect this to bounce back. Ao if one has to take future position on this ubhar already mentioned. I am interested in getting long in this stick owing to its fundamentals. What should be the right level to go long.
kacharts
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@dhirajsabharwal28, entire pharma will be beaten down and on fundamental basis trading is not don especially in futures when u r trading go for technicals however good fundamental is when technically weak go short if ur trading . if investing then look for fundamentals that too if u have a view more than 2-3 years
@KumarAbhilash, Ok. Then it is abs correct to go short on pharma
kacharts
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@dhirajsabharwal28, every trade has a level and i believe perfect level of shorting has been missed so wait now though u can look drreddy and lupin short but go through puts now;0 drreddy m expecting 2250 , lupin 950
kacharts
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@dhirajsabharwal28, cipla has broken imp support of 566 u can short with 566 sl for 550 below targets
dhirajsabharwal28
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@KumarAbhilash, ok thanks a ton for these insights
dhirajsabharwal28
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@KumarAbhilash, Sold at 552 cipla
Now trading at 558. Have kept sl as u mentioned abhilashji on 566. Do tell or suggest me if I need to average more. Or should I hold the same position. Sold 1 lot as of now.
kacharts
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@dhirajsabharwal28, keep tight on sl and drredy bhi to tha short ke liye ;-p
karne ke pehle batana tha na what u r planning to do . every day every min structure changes in stock. if cipla wont close below 550 then exit book loss
dhirajsabharwal28
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@KumarAbhilash, ok. Having a future position . But will keep strict sl.