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...
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.
I have shared buy call analysis for CADILHC before but entry has not triggered yet. So, this is the latest buy call for CADILAHC.
Buy CADILAHC From 620-625 with sl of 610 for the target of 660 700++
READY 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.
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...
All 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...
Cadila 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...
Cadila 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...
Hi 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...
Note: 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.
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.
![CADILAHC: Simple Trade Setup | CADILAHC | 15-11-2021 [ INTRADAY]](https://s3.tradingview.com/z/ZiRfz2Yp_mid.png "Simple Trade Setup | CADILAHC | 15-11-2021 [ INTRADAY]")
