Godrej Properties is look good to buy. Selling pressure is reduced from the stock. Currently Stock is taking rejection from 200 EMA and support near the 1150 price level. Currently, 1150 INR is looking for good support for the stock and in the last trading price closed crossing 30 EMA. CMP is a good price to go long in the stock because here risk-reward is...
Nifty Facing Strong Resistance Near ~ 18090, Spot Level. Weak RSI And Closes Below 50 ~ Day Exponential Moving Average ( EMA ). Short Near ~ 17920, 17940, With Stop ~ 18080, For Target ~ 17382, Expected Target Jan Expiry.
NSE:SPARC
Moving up in Ascending Triangle Pattern, with price getting support from rising Trendline
Price bouncing from EMAs
CMP : 250
Target : 300
Upside : 20%
SL : 230
RSI is trending up & now in Bullish zone.
NSE:SUNPHARMA
7 month Consolidation between 800 - 940 & recently Breakout from Ascending Triangle
Price approaching 7 Year Resistance zone of 1070 - 1080.
Breakout above the resistance zone will make Sunpharma a Rocket.
Short Term Target : 1070
Long Term Target : 1542 - 1831
Upside : 50%-70%
SL : 880
Rising in Channel since March 2020 and Taking support from...
NSE:AUROPHARMA
Strong Breakout Candle formed with Volume.
Multiple Breakouts from
a) Falling Trendline Pattern of many months
&
b) Symmetrical Triangle Pattern
CMP moving above 20 & 50 Day EMA and RSI moving in Bullish Zone
Target : 554 - 600
SL : 510
R: R - 1 : 2
Time Frame : 1 to 4 weeks
NSE:LUPIN
Breakout of Falling Trendline from May 2021
Weekly Closing > 50 Week EMA after 15 months signals change of TREND
CMP taking support from Moving Averages
Targets : 744 - 839 - 915 - 992
Upside : 43%
SL : 640
RSI>55 back in BULLISH Zone
NSE:ZYDUSLIFE
Stock is in Higher High Higher Low Formation after major correction, which indicates Positive Trend.
CMP above all Weekly EMAs & RSI Rising in Bullish Zone
Immediate Resistance Zone @430-435 after which
Targets : 460 - 500 - 540
Upside : 35%
SL : 395
Time Frame : 3 - 12 Months
NSE:CNXPHARMA
Flag Breakout on Monthly Charts
Monthly Closing above 50 Month EMA & trading above all long term EMAs
RSI in Bullish Zone
Next Targets : 14700 - 16500
Upside : 27%
SL : 12100
Time Frame : 6 - 12 Months
Participate via PHARMABEES, PharmaFund
NSE:CIPLA
CIPLA - CMP in Blue Sky Zone and near Life time high
Rising in Parallel Channel since 24 month
13 month consolidation in tight range & then resumption of uptrend.
Targets: 1320 - 1458 - 1683
Upside : 45%
SL : 990
Time Frame : 6 - 18 Month
CMP above all major monthly Exponential Moving Averages
RSI in Bullish Zone
NSE:LT
Cup & Handle formation in Chart
Breakout Candidate
Good Buy above 1960
Targets : 2090 - 2476 - 2715
SL : 1800
Upside : ~40%
RSI in Bullish Zone
CMP taking support from Short Term Exp. Moving Avgs
NSE:MCDHOLDING
After Bullish Pole & Flag BO
Price moving up in Parallel Channel
CMP of 851 is above medium & Long Term Exponential Moving Averages
Targets : 951 - 1081 - 1161
SL : 744
Consumption Stock
RSI Trending up
ICICI Bank - Bearish
One can short from current level with a SL of 704.
Note: On a weekly TF the stock has broken 50 EMA and hence on a shorter term the chart set-up in bearish.
Long Set-up
644-650 seems to have a strong support level.
Can start accumulating from 660/650 and keep space for lower levels.
Caution: If it breaks (Weekly TF) downfall of more...
Converging EMAs along with price closing above 200 EMA on a Daily time frame. Supertrend, Hilega Milega, and Relative strength all are positive. Accumulation can also be seen in the volumes along with high delivery. This could be a good reversal trade.
