Key Levels for AUROPHARMA : UPPER BREAKOUT~557.25 FIRST TARGET~576.40 INTERIM RESISTANCE~590.20 FINAL RESISTANCE~604.80 ***************************** LOWER BREAKOUT~536.10 FIRST TARGET~518.05 INTERIM SUPPORT~496.40 FINAL SUPPORT~480.20 Please trade with caution and consult your financial adviser before trading.
23.6% retracement done in Sun Pharma Resistance : 477, 483, 488, 511 Support : 463, 447, 421
Key Levels for AUROPHARMA : Upper Breakout~518.80 First Target~534.20 Interim Resistance~550.50 Final Resistance~565.90 **Lower Levels** Lower Breakout~488.05 First Target~474.60 Interim Support~460 Final Support~441 Please trade with caution and consult your financial adviser before trading.
PURELY OPERATED AND OVERBOUGHT STOCK. IT IS A BUBBLE WHICH CAN BURST ANYTIME. BE CAREFUL WITH THIS.
Ajanta Pharma (ajantpharm) (weekly) has given breakout. Stock will remain positive till it stays above the trendline.
Lupin Pharma (daily) cup and handle breakout. Good volume as well.
Biocon bounced from the support area and now ready for a new breakout above 238 + level.
Glenmark Pharmaceuticals (weekly) staying above 395 level, it will give good breakout. A journey toward 500 level.
Following Nifty ATH, other sectoral indices too are moving up, forming multiple bullish patterns. Pharma sector which was once darling of investors, is attempting to catch up. Some of you might have experienced, how it makes wild moves. Pharma stocks are among most preferred ones, among FIIs, DIIs and HNIs. I guess having exposure to the sector is a necessary...
NIFTYPHARMA looks strong after forming a h&s bottom and break of trendline . Expecting to 9400 levels in coming weeks.
Aurobindo Pharma (auropharma) (weekly) bounced from trendline support & trading inside the channel. It is holding the trendline support. Staying above the line, good for positional.
- The trading decision need not be full of complex indicators, it can be as simple as this one. - Biocon is taking support at the lower end of the weekly channel - Note the volume picks up as soon as it reaches the lower end, a similar rise in volume can be acknowledged - MACD showing an upcoming bullish trend - Look for targets of 740-750
enter at 1850 go short for targets of 1800 and 1750