Symmetric Triangle on CADILAHC and it may break either side.
Trade Long:
Buy - 545
Target - 551
Stop loss - 540
Trade Short:
Short - 543
Target - 537
Stop loss - 547
An opportunity rarely comes when the fundamentals and technicals point to the same direction- up or down - in this case a strong upside
Cadila has formed a flag over the last few days as the big green candle seemed unbreachable.
This night, Jul 12, 2017, Sharvil Patel takes over as managing director of Cadila Healthcare.
A press release of Cadila getting...
It is been observed on the the Daily and Weekly chart that the price action is consolidating for past 10 weeks continuously within a rectangular or sideway channel. Now, it has finally broken above the the channel and shall further move up to new highs if it closes above 465 levels.
Target 1: 480
Target 2: 490
Stoploss: 455
Cadila Helthcare has been trading in rising wedge pattern and it closed touching the support we may see the stock to approach resistance level around 464 in near term.
Cadial Health care has been struggling for direction and started trading in a channel after sudden spiked,we may see the stock to approach channel support around 434 in near term.
Cadilahc has more downside to come before going higher. Wave A and Wave B are completed and Expecting Wave C/3 to go atleast around 270 Levels on the down side to complete the correction.
Happy Trading!!
