Cadilahclong
Long Cadila...High Probability SetupCadila
Cmp - 442
Stop - 400
Expectation -
T1 - 500
T2 - 640, Review at 4100
Expected Holding Period - 3 months or earlier for T1, 6 months or earlier for T2
View:- Swing/Investment
EXPECTING A BULLISH MOMENTUM IN CADILA HEALTHCARE As per the 1 Hour Chart of CADILA HEALTHCARE, we can see a beautiful Formation of "Bullish Harami" on the chart. Therefore, we are expecting a bullish momentum in CADILAHC in the upcoming trading sessions. Wherein it is being expected to face a resistance initially at around the levels of 469, 473.20, and 481.20. Whereas, on the other hand, on the downside levels, the stock may face a support at the level of 456, on closing basis. Closing Price (as on 23.12.21) : 464.70
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Simple Trade Setup | CADILAHC | 15-11-2021 [ INTRADAY]NSE:CADILAHC
I am posting this on request from one of the follower.
Observations:
1) On Daily time frame, It is near to the range of 400DMA.
400DMA is major major support for this.
400DMA is placed at 470.26 level.
Range of 470-475 will work as critical support. One can use this dip to take positional buy trade with SL of 450 and target of all above levels.
Immediate resistance is 500. sustianable breakout of 500 will give good up move.
Major breakout level is 525.
Also it is trading in the support channel. This is same like the case of HDFC.
If it gives breakout of this channel upward then we will see upmove.
Please refer below chart : 1 day Time Frame.
2) On 1hr time frame, previous double bottom pattern failed and not again it is forming double bottom pattern.
If this pattern gets activated then we can see a good up move.
Please refer below chart : 1 hr Time Frame.
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Trade Setup for Date: 15-11-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
CADILAHC : 50% Fibonacci retracement After posting a fresh 52-weeks low of around 198 during March 13, 2020; CADILAHC has seen spectacular run up and in that optimism stock convincingly crossed its previous 52-weeks high of around 536 (July 14, 2017) and registered a fresh all-time high of around 670 during mid May,21. stock has seen decent profit booking from its all-time high and corrected in past few months. However, the fall got arrested near 521 which coincided with its previous all-time high of (July, 2017) along with the same the daily 200-SMA support placed near 520. If we take Fibonacci retracement of its entire move from the bottom of 406 (March 19, 2021) to the top of 670 (May 14, 2021) then 50% retracement comes near 536. The weekly 50-SMA which was pegged near 500 played a role of sheet anchor and in the previous instance the said MA also played a similar role. The weekly RSI (14) momentum indicator which travelled till 81.67 and during the course of correction it came near 44.31 and signaled “Positive Reversal” which is an indication of reversal.
CADILA HEALTHCARE
Target:- 680
Stoploss:- 545
Duration:- 10 to 12 Weeks
The stock has already take support and showing a bullish candle, which is an indication of up move, so we can buy this at market order. Use proper stoploss and maintain discipline throughout the trading period and use trailing stop below all the wave step by step.
CADILAHC Will Bottom Out SoonCADILAHC - May bottom out by taking support from 200 EMA
Buy- 515 -520
Sl - 490 (CB)
Target - Target 570 600
Cadila Healthcare - Go long1. In 15m time frame the DMA's need to correct. A bearish engulfing has appeared a while back.
2. In 60m Time frame 10 and 20 DMA have just taken the right positions and the prices are above pivot point
3. In daily time frame the DMA's might take a day or two to correct. SMA's also need to correct.
4. Monthly DMA's are in order
5. The prices are currently at an excellent support level. A breakout at this level has happened before
6. Prices have retraced back from the lower BB in the daily time frame.
6. Daily RSI levels have recovered. Weekly and monthly RSI both have made a higher low.
7. Entry 586.06
Target 596.28 (Rs 10.22)
Stop Loss :584.05 ( Rs 2.00)
8. Earnings are expected to be posted on the 5th of August. Watch for a rally in price accordingly.
CADILAHC HEALTH Next Week Buy Target | 653CADILAHC Good to Buy above 639.60 targets of 653 and keep SL of 636.90
CADILA HEALTHCAREREADY FOR NEXT SPRINT, SUBMITTED DATA OF TRIALS TO GOVERNMENT AND CROSSING RECENT HIGHEST CLOSING WITH VOLUMES. NEWS OF VACCINE APPROVAL IN NEXT WEEK MAY BE. TARGET IS UNCHARTED.
KEEP SUPPORT AT 630, FOR POSITIONAL VIEW.
CADILA HC- DOUBLE BOTTOM BreakoutThe price forms a double bottom and took support from 20 day SMA before bouncing back from that level.
It also broke the trendline which is good positive signal for a up move.
Buy CADILAHC - Cadila Can Give 15%The stock has broken its all time high. And there are more confirmations that cadilahc has the potential to give 15% . I have been giving buy call since a long time for this stock in my other profile.
You can also check that in the related ideas below.
See chart for more information.
Buy Above - 675
SL 645
Target -710 740 770
Duration - 1-3 Weeks
Do follow us for more trading ideas.
Cadila Healthcare: Fibonacci ExtensionAll levels are marked in the chart only.
Cadila Healthcare can begin a new bull run on technical levels......analysis is also backed by news of Virafin(an antiviral produced by Cadila Healthcare) being given emergency approval for treatment of moderate COVID-19 patients.
Volume has also increased drastically.
Cadila has also given closing above a trendline which was previously acting as resistance for the price to move up.
Cadila Healthcare: Fibonacci ExtensionCadila Healthcare perfectly retraced from 0.618 Fibonacci level. With the increase in volume as price moved up and the news of Virafin getting approval for treatment of moderate COVID-19 patients Cadila seems to be in a very strong up move.
On Fib Extension 1.618 level(Rs. 640) can be reached very shortly.
Cadila has also given closing near a long term trendline resistance.
Cadila Healthcare FuturesCadila 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.
CADILLA HEALTHCARE || Swing Trade|| BUY TradeHi there, thank you so much for stopping by this analysis.
How did we get the zones and the levels?
1. We started with the daily time frame to check the trend. Bullish !
2. We came down to 4H time frame to mark the important levels or key zones.
3. We came down to 2H chart from were we can see a bullish red hammer pattern with a long down wick.
4. We came down to Hourly chart to confirm and spotted a green candle which confirms the possibility of a reversal.
This trade should be taken on HOURLY or 30 Min chart with at least 9.5% target in mind.
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Thanks for reading! No matter if this trade will be a loss or a profit, setup will be my most important priority followed by letting the winners run & cutting the losers short.
Feel free to note down your thoughts in the comments section ! Happy trading.
CADILAHC - W pattern bullish breakoutNote: This is for educational purpose only.
There seems to be W bullish breakout with high volume. There seems to be a breakout in RSI as well. RSI above 70 indicates bullish momentum. However, RSI indicates overbought so there might be a consolidation.
Cadilahc looking good for Buy Price taking support from the parallel channel and big green candles at the support is good for going long with you Stop loss below 345.
Go with small quantity and when it breaks the resistance (dotted lines) then add some more quantity and wait for the price to reach the parallel channel top.