Zydus wellness has currently formed a double top pattern on weekly charts. A valid breakout above the top will lead to further uptrend and one may witness levels of app 2300, 2600 , 3000 Trade as per price action.
Glenmark near Trendline Support on Daily Timeframe It will be weak below 463 levels (Red line) if it taking support at Trendline then good above 482 levels Between 463-482 is no trading zone.
Lupin made lower swing on Daily TF if it going to break 900(Round level) then can be a good downside movement of 10-15 points towards lower TL (Green TL). Keep this in watchlist for short Trade
NSE:LUPIN one can short accordingly as per their trading setup if find reversal at any support line then book short else short till PRZ level
Cadila Healthcare looks positive on charts. A probable cup formation can be seen. Brkout awaited. Trade as per price action.
NIFTYPHARMA INDEX MAJOR SUPPORT ZONES ON CHART Click i button on tradingview profile to connect with me
NIFTY PHARMA:- BUY on dip 11200/11500₹ & taking support EMA.. 13000₹ (FOR LONG) TARGET with sl (10800) #Disclaimer:-I just shared view for only educational purpose.
The chart is self explanatory, stock took a dip and now going up and expect to hit 570+
Made double bottom, tested support and gave good bounce and now expecting a breakout. Buy above 731.5 (Intraday). Please do your analysis. Before trading..
Add small small qty on every dip for target of 900+
Enter at 857, do wait for the levels or keep adding stock in small small quantity. Reason- -Strong demand zone at daily time frame -Weekly EMA 20 support -Monthly EMA 20 support
Its a good penny stock for long term investment as well. Shor term targets and support levels marked on the chart.
Dee the result of last similar formation highlighted in the chart.
-Pharma sector yet to rally more upto 12000, 12900, 13500 -Also it is considered as defensive sector like IT -Currently bank nifty weightage is decreasing and pharma is having only 3.2% weightage it can go upto 5-6%
i've markerd the support and resistance levels . trade according o your setups at these crucial zones