CADILA - BIG CONSOLIDATION BREAKOUTIt 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
CADILAHC
Cadila Healthcare to approach wedge resistance 464Cadila 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.
Cadila Healthcare approaching channel support 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.
Cadila Healthcare forming bullish flagCadila Healthcare has been forming bullish flag and may make breakout of flag to make new high, wait and watch next move.
Cadilahc more Downside to come!!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!!
