CNXPHARMA - Trend Reversal📊 Script: CNXPHARMA (NIFTY PHARMA)
Key highlights: 💡⚡
📈 Nifty Pharma is retesting from its support level shown in chart.
📈 Pharma stocks can give good returns.
📈 One can go for Swing Trade into Pharma stocks.
📊 Script: CIPLA
⏱️ C.M.P 📑💰- 1414
🟢 Target 🎯🏆 - 1510
📊 Script: LUPIN
⏱️ C.M.P 📑💰- 1688
ONLY ABOVE 1700
🟢 Target 🎯🏆 - 1828
📊 Script: AUROPHARMA
⏱️ C.M.P 📑💰- 1177
🟢 Target 🎯🏆 - 1267
📊 Script: GLAND
⏱️ C.M.P 📑💰- 1177
🟢 Target 🎯🏆 - 1267
📊 Script: BIOCON
⏱️ C.M.P 📑💰- 1177
🟢 Target 🎯🏆 - 1267
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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LUPIN
Lupin short term buying setupNice expanding flat forming in this particular stock, can go long. Don't know about overall trend, its kind of moving upside. But if you go by monthly view, this whole thing is corrective in nature to previous monthly wave. you can never be sure about these kind of waves, they can go break previous monthly high even going slowly or sometimes they suddenly falls. so stick to shorter time frame and trade hourly or 4h corrective patterns.
Long TRADE in LUPIN PHARMA Any who wants to add a quality stock in their demat can be go with LUPIN because lupin pharma share has been in very good strong upward momentum from the last 6 months and higher chances of that it will continue its upward journey .Because of the pattern of the share is like first go up and then go down , then again go up and then some downwoard moves , from last almost 1to2 months this process can be shown in charts also , and you can also see very well , so anyone who wants to outshine their portfolio can add this at their own risk management , at now level lupin share has favourable risk reward ratio , in all my ideas published in the trading view has a almost target of the 3 to 4 percent , after 3 to 4 percent target achieved my target is done.3to4 percent counts on current price which is shown in chart as well , so from my side this is good bet previously i shared ANANT RAJ in which almost 3 percent target is DONE AND DUSTED , and IMPORTANT NOTICE:-In my observation and analysis this share has can move without any market support , this share has countinuesly outperform market when our market are flat or consolidating between the area .WAITING TIME is almost 10 to 15 days holding period and , stop loss is nearly 1.5 percent of the current share price as shown in the charts ,, so anyone who can love pharma sector can go with this share with their risk capacity. in my observation this share can start upward journey soon , and yes this share can go up slow as seev in previous chart so dont go for very quick or fast move , this share headed upward slowly slowly . in my experience when a small fall occurs this share fill the fall within 5to6 days like slow and steady , so thanks for reading my long message if you read my message till now than you are amazing person and have a very serious mind in trading , because most of the people don't read this large message ha ha ha ha ha
DISCLAIMER:-I have already invested in this share , and all profit and loss in this share is BSE:LUPIN yours , my work is to share idea of the good company in which you will make a good return, and if you earn profit from this share so please feel free to comment in the comment section ,
Dark Cloud CoverDark Cloud Cover is a bearish reversal candlestick pattern where a down candle (typically black or red) opens above the close of the prior up candle (typically white or green), and then closes below the midpoint of the up candle.
The pattern is significant as it shows a shift in the momentum from the upside to the downside. The pattern is created by an up candle followed by a down candle. Traders look for the price to continue lower on the next (third) candle. This is called confirmation.
Script = Lupin
Time Frame = 1 Day
Short Lupin below 1064Short Lupin below 1064, Target 1043 - 1045. Reason for trade Divergence in RSI and RSI is looking weak. On Weekly timeframe shooting star has formed at top of the trend.
Please note, I am not SEBI registered advisor, this is just my view and is for educational purpose. Please consult your financial advisor before taking trade.
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LUPIN | Fall ExpectedDisclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
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#LUPIN... Looking good 29.05.23#lupin...
Intraday as well as swing trade
All levels given in charts ...
IF good potential seen then we work in options also
if activate then possible a good movement Keep eye on this ...
We take trade only when it activates...
Possible to give good target
TRADING FACTS
DOUBLE BOTTOMHello mates, As I know that this is month starting and this is not a appropriate time to analyze a chart on monthly time frame but I want to go some in deep to find out a pattern or kind of a reversal signs from strong support zones in it in Lupin so I may be find out some useful things could help someone that is all that it breaks a falling trendline on monthly timeframe so I considered it as a breakout and, The Rsi indicator also giving some reversal action in this stock which is showing that earlier this stock bottomed out at the same place with same price few months ago so we can say it is created a double bottom pattern on monthly time frame chart so I placed a Fibonacci retracement tool for coming resistances and targets for how it can retrace to one from another retracement values although these levels will act as a resistance for it. #DOUBLEBOTTOM
CAUSE OF LONG-:
1- Falling resistance trendline breakout.
2- Rsi showing reversals signs.
Tweezer Top A tweezers topping pattern occurs when the highs of two candlesticks occur at almost exactly the same level following an advance.
Like many other candlestick patterns, tweezers occur quite frequently.
Tweezers are more meaningful as part of other trends, especially pullbacks.
Script = Lupin
Time Frame = 1 Day
Hanging ManA hanging man candlestick occurs during an uptrend and warns that prices may start falling. The candle is composed of a small real body, a long lower shadow, and little or no upper shadow. The hanging man shows that selling interest is starting to increase. In order for the pattern to be valid, the candle following the hanging man must see the price of the asset decline.
Script = Lupin
Time Frame = 1 Day