ALL THE LEVELS ARE MARKED ON CHART, RED ZONES DENOTES SUPPLY ZONES AND GREEN IS FOR DEMAND ZONE .
STOCK HAS EARLIER TAKEN SUPPORT FROM 50 DAILY EMA - GRAY; BUY NEAR 423 IF THE PRICE IS SUPPORTED BY FIBO LEVEL.
The indicator used:
1) Daily Lines plots Daily 20 (BLACK) & 50 EMA(GREY) on lower time frame charts
2) TE-REKAB
- PB : PULLBACK
If you like the analysis,...
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.
Cadila Healthcare seems to have given Cup and Handle Breakout.
we have long view on stock from 383 level.
support at 405 level.
PS: Chart is only for purpose of education, please consult financial advisor before investing
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.
Cadilla Health care is looking good at 383, Stock has formed good base at 350 levls, Stock after making high near 411.5, corrected to 360 levels and bouncing from there.
stock seems to be poised for good run in medium term.
PS: This charts is not for investment / Trading purpose, it is shared only for educational purpose. Please don't take any trade on the basis...
As we have seen some pressure in both the major indices we noiced that Cadila was earlier facing resistance and now again after testing its resistance zone yesterday it reversed from its selling zones. so we can see some more selling pressure in this scrip..
Levels and advise is mention on chart. Please carry due diligence and consult your financial advisor before taking any positions. Whatever is shared here is for research and education purposes, and not a recommendation to buy or sell.
Buy above 407
Target - 410 - 415
SL - 402
*Strong resistance near 410-11 keep close watch near this price zone if open gap-up avoid trade for first 5 min
Disclaimer:
All charts are purely for educational and information purpose only.
Invest or Trade with the help of your financial advisor or on your own risk.
Buy above 394
Target - 398 - 402
SL - 390
Sell Below 388.75
Target - 385-384
SL 391
Disclaimer:
All charts are purely for educational and information purpose only.
Invest or Trade with the help of your financial advisor or on your own risk.
Note: This is for educational purpose only.
CADILAHC seems to have a bullish momentum due to high volume and RSI above 60. Moreover, Ascending Triangle chart formation denotes exhaustion of selling pressure and addition of buying pressure.
